Asian markets settled mostly higher on Friday, tracking gains in Wall Street overnight with bets that the US central bank would slow its current aggressive pace of interest rate hikes ahead to avoid tipping the US economy into a recession. Further, easing of Covid-19 restrictions in China also supported market sentiments. Japanese shares gained ahead to the release of US jobs data for May and slew of domestic economic data next week. Meanwhile, Japan and the US signed a revision on the beef safeguard mechanism under the US-Japan Trade Agreement. South Korean shares rebounded, supported by the Organization of the Petroleum Exporting Countries' decision to pump more crude oil over the next two months that helped ease inflation concerns. Markets in mainland China, Hong Kong and Taiwan were closed for the Dragon Boat Festival holiday.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | -- | -- | -- |
| Hang Seng | -- | -- | -- |
| Jakarta Composite | 7,182.96 | 34.24 | 0.48 |
| KLSE Composite | -1,537.83 | -12.07 | -0.78 |
| Nikkei 225 | 27,761.57 | 347.69 | 1.27 |
| Straits Times | 3,231.97 | 5.25 | 0.16 |
| KOSPI Composite | 2,670.65 | 11.66 | 0.44 |
| Taiwan Weighted | -- | -- | -- |
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