The Saudi Investment Promotion Authority (IPA) and Japan's Mizuho Bank signed a memorandum of understanding (MoU), the Saudi Press Agency reported. The MoU aims to strengthen investment ties and business opportunities between the two countries.

Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul. The S&P 500 advanced 0.5%, with the gauge topping the 6,

Asian markets rose Friday (Jan 24) after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.