Asian markets settled lower on Friday tracking Wall Street’s fall overnight, while upbeat US economic data also fuelled fears of further interest rate hikes by the US Federal Reserve. Meanwhile, investors are cautiously awaiting next week's gathering of policymakers at Jackson Hole in Wyoming for clues on the outlook for interest rates. Moreover, lingering worries about the Chinese economy also dampened investor sentiments. Chinese shares declined on fears over contagion from China's property sector crisis. Japanese shares dropped as the yen strengthened marginally versus the dollar.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,131.95 | -31.79 | -1.02 |
| Hang Seng | 17,950.85 | -375.78 | -2.09 |
| Jakarta Composite | 6,859.91 | -40.63 | -0.59 |
| KLSE Composite | 1,446.09 | -1.89 | -0.13 |
| Nikkei 225 | 31,450.76 | -175.24 | -0.56 |
| Straits Times | 3,173.93 | -22.82 | -0.72 |
| KOSPI Composite | 2,504.50 | -15.35 | -0.61 |
| Taiwan Weighted | 16,381.31 | -135.35 | -0.83 |
