Asian markets settled mostly lower on Friday following a sell off on Wall Street overnight. Market sentiments weakened further as China's pledge to stick to its zero Covid policy stoked concerns about the world's second largest economy. Traders are continued to react to the Federal Reserve's monetary policy announcement on interest rate hikes by 50 basis points this week. However, Japanese shares gained slightly, lifted by export-oriented shares that advanced on the yen's retreat against the US dollar. Meanwhile, Indonesia remains closed for Eid-ul-Fitr holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,001.56 | -66.20 | -2.16 |
Hang Seng | 20,001.96 | -791.44 | -3.81 |
Jakarta Composite | -- | -- | -- |
KLSE Composite | 1,564.34 | -18.64 | -1.18 |
Nikkei 225 | 27,003.56 | 185.03 | 0.69 |
Straits Times | 3,291.89 | -51.68 | -1.55 |
KOSPI Composite | 2,644.51 | -33.06 | -1.23 |
Taiwan Weighted | 16,408.20 | -287.92 | -1.72 |
