Asian markets settle mostly higher on Friday

23 Aug 2024 Evaluate

Asian markets settled mostly higher on Friday ahead of the Fed Chair Jerome Powell's Jackson Hole speech later in the day for more cues on the Fed’s plans to begin trimming interest rates. Chinese shares rose, despite tightening trade tensions between China and the European Union. Japanese shares gained. But Japanese yen up as BoJ Governor Kazuo Ueda indicated that officials could hike interest rates again if inflation and the economy performed as expected, weeks after turmoil caused by a surprise increase earlier this month.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,854.37	5.60	0.20
Hang Seng	17,612.10	-28.90	-0.16
Jakarta Composite	7,544.30	55.62	0.74
KLSE Composite	1,635.74	-5.92	-0.36
Nikkei 225	38,364.27	153.26	0.40
Straits Times	3,387.99	14.41	0.43
KOSPI Composite	2,701.69	-5.98	-0.22
Taiwan Weighted	22,158.05	9.22	0.04

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