Asian markets settled higher on Friday tracking solid gains from Wall Street overnight. Further, continuous decline in commodity prices also helped ease fears around inflation and a possible global recession. Investors will be looking ahead to US inflation data due next week. Chinese shares gained amid signs that crackdown on big tech is softening at the edges. Japanese shares ended higher, but the battered yen found some support after Japan's annual core consumer inflation topped the central bank's 2% target for a second straight month in May and that’s putting some more pressure on its ultra-easy policy stance.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,349.75 | 29.60 | 0.89 |
Hang Seng | 21,719.06 | 445.19 | 2.09 |
Jakarta Composite | 7,042.94 | 44.67 | 0.64 |
KLSE Composite | 1,436.70 | 5.65 | 0.39 |
Nikkei 225 | 26,491.97 | 320.72 | 1.23 |
Straits Times | 3,111.65 | 18.85 | 0.61 |
KOSPI Composite | 2,366.60 | 52.28 | 2.26 |
Taiwan Weighted | 15,303.32 | 126.88 | 0.84 |