Asian markets settled down on Friday tracking overnight falls in Wall Street as robust US economic data stoked concerns about sticky inflation and a possible delay in US interest rate cuts. Data showed that US business activity grew at its fastest pace in more than two years in May, while weekly jobless claims fell by more than anticipated last week. Moreover, hawkish comments from another Federal Reserve official also weighed on market sentiments. Japanese shares dropped as data showed Japan's core inflation slowed for a second straight month in April, raising uncertainty over whether the Bank will raise interest rates further this year. Chinese shares declined as China's military started its second day of war games around Taiwan on Friday.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,088.87 | -27.52 | -0.89 |
| Hang Seng | 18,608.94 | -259.77 | -1.40 |
| Jakarta Composite | -- | -- | -- |
| KLSE Composite | 1,619.40 | -9.78 | -0.60 |
| Nikkei 225 | 38,646.11 | -457.11 | -1.18 |
| Straits Times | 3,316.56 | -6.06 | -0.18 |
| KOSPI Composite | 2,687.60 | -34.21 | -1.27 |
| Taiwan Weighted | 21,565.34 | -42.09 | -0.20 |
