Asian markets settle mostly higher on Friday

21 Jul 2023 Evaluate

Asian markets settled mostly higher on Friday, despite a mixed performance on Wall Street overnight followed by disappointing earnings. Meanwhile investors are eagerly awaiting central bank meetings in the Unites States, Europe and Japan next week for further clues on the interest rate outlook. However, Japanese shares fell after weaker than expected trade data for June, with imports falling nearly 13% from a year earlier. Japanese investors dumped semiconductor shares following weak earnings from chip giant Taiwan Semiconductor Manufacturing Co (TSMC). Chinese shares ended almost flat with negative momentum on concerns over health of Chinese property developers after rating agencies, Moody's and S&P Global sent stark warnings about China's biggest commercial real estate firm Wanda Commercial.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,167.75	-1.77	-0.06
Hang Seng	19,075.26	147.24	0.77
Jakarta Composite	6,880.80	16.61	0.24
KLSE Composite	1,413.52	6.83	0.49
Nikkei 225	32,304.25	-186.27	-0.58
Straits Times	3,278.30	3.92	0.12
KOSPI Composite	2,609.76	9.53	0.37
Taiwan Weighted	17,030.70	-134.19	-0.79

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