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MoneyWorks4Me

Asian markets settle mostly higher on Friday

02 Jun 2023 Evaluate
Asian markets settled mostly higher on Friday tracking Wall Street gains overnight after the US Senate passed a bill that suspended the government's borrowing limit to avert a default, while receding bets for a US interest rate hike by the US Federal Reserve this month also supported market sentiments. Chinese shares gained on optimism that Chinese policymakers will soon deliver the much-needed stimulus to boost economic growth. Moreover, Japanese shares rose after Bank of Japan Governor Kazuo Ueda said the Japanese central bank is in no hurry to tighten its ultra-loose policy.

Asian Indices          

Last Trade            

Change in Points   

Change in %     

Shanghai Composite

3,230.07

25.44

0.79

Hang Seng

18,949.94

733.03

3.87

Jakarta Composite

--

--

--

KLSE Composite

1,381.26

-1.75

-0.13

Nikkei 225

31,524.22

376.21

1.19

Straits Times

--

--

--

KOSPI Composite

2,601.36

32.19

1.24

Taiwan Weighted

16,706.91

194.26

1.16