Asian markets ended mostly higher on Friday followed by overnight gains on Wall Street as the US government reported the US economy contracted mildly than initially expected in the second quarter. But investors are cautiously awaiting US Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole economic symposium due later in the day for further clues about the pace of the US Fed's interest rate hikes. Although, Chinese shares declined despite news of US-China agreement that would allow US regulators access to audits of Chinese companies that are listed on American exchanges.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,236.22 | -10.03 | -0.31 |
Hang Seng | 20,170.04 | 201.66 | 1.01 |
Jakarta Composite | 7,135.25 | -38.96 | -0.54 |
KLSE Composite | 1,500.29 | 4.80 | 0.32 |
Nikkei 225 | 28,641.38 | 162.37 | 0.57 |
Straits Times | 3,249.53 | 1.73 | 0.05 |
KOSPI Composite | 2,481.03 | 3.77 | 0.15 |
Taiwan Weighted | 15,278.44 | 78.40 | 0.52 |
