Asian markets ended mostly higher on Friday as investors waiting to US Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Economic Policy Symposium later in the day for additional clues about the outlook for interest rates. Meanwhile, tensions between Japan and South Korea escalated after Seoul said it was cancelling a military intelligence-sharing pact with Tokyo over a bitter trade dispute. The arrangement was designed to share information on the threat posed by North Korea and its missile and nuclear activities. Chinese shares ended up after reports that the Trump administration is still planning for a round of in-person talks between US and Chinese officials in September. Japanese shares ended higher, supported by weaker yen and jump in defense stocks following an escalated diplomatic row with South Korea.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,897.43 | 13.99 | 0.49 |
Hang Seng | 26,179.33 | 130.61 | 0.50 |
Jakarta Composite | 6,255.60 | 16.35 | 0.26 |
KLSE Composite | 1,609.33 | 6.86 | 0.43 |
Nikkei 225 | 20,710.91 | 82.90 | 0.40 |
Straits Times | 3,110.35 | -17.39 | -0.56 |
KOSPI Composite | 1,948.30 | -2.71 | -0.14 |
Taiwan Weighted | 10,538.11 | 8.33 | 0.08 |
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