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Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China.

Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy.

China will release its industrial profit data later in the day, this will be on a year-to-date basis through August and investors will have to wait for the next batch of data to assess the effects of Tuesday's stimulus measures.

Hong Kong's Hang Seng index futures were at 20,575, higher than the HSI's last close of 19,924.58. Should the futures data prove accurate, this would mean a more than 3% climb for the index at open.

Investors also assessed September inflation numbers from Japan's capital city of Tokyo, which is widely considered a leading indicator of nationwide trends.

Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%.

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