Asian markets settled mixed on Friday after two US Fed officials played down the expectations for a 100-bps rate hike at the US central bank's July meeting. Meanwhile, rising US interest rates have continued to push the dollar higher against other major currencies. A key measure of US wholesale prices increased more than expected in June and new claims for unemployed benefits hit an eight-month high last week, fueled fears of a potential recession. Chinese shares declined sharply after data showed GDP grew 0.4 percent year-on-year in the second quarter against expectations for 1 percent growth.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,228.06 | -53.68 | -1.64 |
Hang Seng | 20,297.72 | -453.49 | -2.19 |
Jakarta Composite | 6,651.90 | -38.19 | -0.57 |
KLSE Composite | 1,418.44 | -1.62 | -0.11 |
Nikkei 225 | 26,788.47 | 145.08 | 0.54 |
Straits Times | 3,099.15 | 8.52 | 0.28 |
KOSPI Composite | 2,330.98 | 8.66 | 0.37 |
Taiwan Weighted | 14,550.62 | 112.10 | 0.78 |