Here are the top ASX large cap movers for Friday

Following the tech-led rout on Wall Street overnight, major bourses in Asia fell with Nikkei and Hang Seng both down by more than 1%.

The ASX 200 however bucked the trend, rising by 0.35% today and finishing the week just 0.44% below the previous.

Energy, miners and utilities led today, all rising by more than 1.5% but Tech stocks were hammered down by more than 3%.

BNPL stocks were the worst hit, following news that the US consumer protection bureau is commencing an inquiry into the industry.

The US Consumer Financial Protection Bureau (CFPB) announced that it has asked five US BNPL operators – Afterpay, Zip Co, Affirm, Klarna, and PayPal – to submit information about their industry practices and risks.

The Bureau said it wants to conduct an investigation into how current consumer protection laws apply to these BNPL operators, as well as how the companies harvest and use customer data.

At the time of writing, both Afterpay (ASX:APT) and Zip Co (ASX:Z1P) were down 8%, while smaller players like Sezzle (ASX:SZL) and Laybuy (ASX:LBY) plummeted by 4-9%.

On a more positive note, Afterpay’s proposed takeover by Block was today given the green light by the NSW Supreme Court.

Meanwhile, a mini commodities rally overnight saw ASX miners and energy stocks catching a bid.

With gold push above $1,800/oz overnight, miners like Northern Star Resources (ASX:NST), and AngloGold (ASX:AGG) rose by as much as 5%.

BIG CAP WINNERS

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Code	Name	Price	% Change	Volume	Market Cap
LKE	Lake Resources	0.93	8.8%	15,748,777	$1,044,031,063
AVN	Aventus Group	3.75	7.4%	3,108,411	$1,994,070,415
SDR	Siteminder	6.49	5.7%	1,730,338	$1,668,623,340
NST	Northern Star	9.45	5.6%	16,456,219	$10,423,270,231
IRE	IRESS Limited	13.12	5.6%	2,738,248	$2,358,785,252
CIA	Champion Iron Ltd	4.96	5.5%	3,857,986	$2,380,511,817
HMCDA	Homeco Limited	8.01	5.4%	131,550	$2,206,024,298
PSI	Psc Insurance Ltd	5	5.3%	40,130	$1,542,043,444
NAN	Nanosonics Limited	6.51	5.2%	6,208,615	$1,868,010,791
DEG	De Grey Mining	1.14	5.1%	16,488,739	$1,525,969,525
WHC	Whitehaven Coal	2.52	5.0%	11,801,862	$2,478,346,157
TLX	Telix Pharmaceutical	7.89	4.9%	483,587	$2,143,748,268
CRN	Coronado Global Res	1.19	4.8%	2,304,956	$1,902,774,984
CGC	Costa Group Holdings	3.05	4.8%	2,257,807	$1,351,341,787

De Grey Mining (ASX:DEG) lifted 7% as latest drilling at Diucon returned impressive results.

These include 63m grading 4.3 grams per tonne (g/t) gold from 87m in HERC770, along with visible gold within a 14.2m intersection at 6.3g/t gold from 67m in HEDD060.

BIG CAP LOSERS

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Code	Name	Price	% Change	Volume	Market Cap
DHG	Domain Holdings Aus	5.16	-8.5%	2,296,348	$3,295,247,206
APT	Afterpay Limited	82.67	-7.6%	2,517,404	$25,978,999,694
360	Life360 Inc.	9.6	-7.2%	2,131,431	$1,829,880,704
EML	EML Payments Ltd	3.04	-6.7%	6,931,933	$1,217,372,750
CTD	Corp Travel Limited	20.92	-6.1%	1,038,761	$3,050,549,262
Z1P	Zip Co Ltd	4.18	-6.1%	15,588,850	$2,620,315,234
TYR	Tyro Payments	2.69	-5.9%	2,751,063	$1,475,195,013
CXL	Calix Limited	6.03	-5.6%	563,842	$1,030,810,052
MP1	Megaport Limited	18.18	-5.3%	1,352,155	$3,028,565,434
PBH	Pointsbet Holdings	6.71	-5.1%	2,561,396	$1,859,962,195
MCY	Mercury NZ Limited	5.65	-4.9%	18,307	$8,092,067,542
ALU	Altium Limited	41.34	-4.9%	932,547	$5,712,331,178
MAF	MA Financial Group	8.42	-4.8%	242,731	$1,383,795,584
SIQ	Smartgrp Corporation	7.24	-4.7%	602,176	$1,014,592,240

EML Payments (ASX:EML) has released a statement responding to media news about a potential class action suit brought by Shine Lawyers against the company.

The proceedings are said to relate to whether EML failed to disclose information about correspondence received in May 2021 from the Central Bank of Ireland (CBI) in a timely manner.

EML said it has complied with its disclosure obligations in that regard, and will vigorously defend any proceedings against the company.

More bad news for embattled funds manager Magellan Financial (ASX:MFG) as it requested a trading halt until Monday, citing the termination of a material contract.