Asian markets settled mostly higher on Friday, supported by overnight gains on Wall Street following receding concerns over US Federal Reserve's aggressive interest rate hikes. Japanese shares gained with hopes for solid corporate earnings, even as Japan's core consumer inflation remained above the central bank's 2 percent target for a third straight month in June. Although, Seoul shares declined after data showed producer prices rose at a faster pace in June, while Europe's larger than expected interest rate hike also fueled concerns about global economic recession. Chinese shares ended flat with negative momentum as the country's cyberspace regulator fined Didi Global $1.2 billion for violating cybersecurity and data laws.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,269.97 | -2.03 | -0.06 |
Hang Seng | 20,609.14 | 34.51 | 0.17 |
Jakarta Composite | 6,886.96 | 22.83 | 0.33 |
KLSE Composite | 1,465.80 | 15.48 | 1.07 |
Nikkei 225 | 27,914.66 | 111.66 | 0.40 |
Straits Times | 3,181.34 | 29.04 | 0.92 |
KOSPI Composite | 2,393.14 | -16.02 | -0.66 |
Taiwan Weighted | 14,949.36 | 11.66 | 0.08 |
