Asian markets settled on a mixed note on Friday as recession worries persisted, amid top federal reserve officials signaled they expect interest rate hikes to continue into 2023. Chinese shares dropped as several Covid-hit cities imposed fresh restrictions and lockdowns to contain flare-ups that are again threatening to disrupt local economies. Japanese shares jumped to a seven-month high as signs of cooling US inflation raised expectations for smaller US Federal Reserve interest rate hikes ahead. Meanwhile, Malaysian shares were closed on almost flat note today.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,276.89 | -4.78 | -0.15 |
Hang Seng | 20,175.62 | 93.19 | 0.46 |
Jakarta Composite | 7,129.28 | -31.11 | -0.43 |
KLSE Composite | 1,506.19 | 0.63 | 0.04 |
Nikkei 225 | 28,546.98 | 727.65 | 2.62 |
Straits Times | 3,269.27 | -32.69 | -0.99 |
KOSPI Composite | 2,527.94 | 4.16 | 0.16 |
Taiwan Weighted | 15,288.97 | 91.12 | 0.60 |