Asian markets settled higher on Monday amid growing bet for an early interest rate cut in the United States after US inflation report came broadly in line with expectations. Seoul shares gained as a survey revealed that South Korea's factory activity growth quickened in June to the fastest in 26 months on surging new orders. Chinese shares gained after the Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly rose from 51.7 to 51.8 in June. Japanese shares marginally rose after a survey showed confidence among large Japanese manufacturers improved during the three months to June, although, the yen struggled near 38-year lows after Japan downgraded GDP numbers for the March quarter. Hong Kong markets were closed for Special Administrative Region Establishment Day.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,994.73 | 27.33 | 0.92 |
| Hang Seng | -- | -- | -- |
| Jakarta Composite | 7,139.63 | 76.05 | 1.08 |
| KLSE Composite | 1,598.20 | 8.11 | 0.51 |
| Nikkei 225 | 39,631.06 | 47.98 | 0.12 |
| Straits Times | 3,338.57 | 5.77 | 0.17 |
| KOSPI Composite | 2,804.31 | 6.49 | 0.23 |
| Taiwan Weighted | 23,058.57 | 26.32 | 0.11 |
