Asian markets settled mixed on Friday. At the World Economic Forum in Davos, Switzerland, US President Donald Trump has warned global business leaders they will face tariffs for products made outside of the US, while also said he would press the US Federal Reserve to lower interest rates immediately and ask OPEC and Saudi Arabia to bring down the cost of oil. Chinese and Hong Kong shares gained after US President Donald Trump said that his recent conversation with Chinese President Xi Jinping was friendly and that he would rather not impose tariffs on China, suggesting a potentially softer stance on tariffs against the country. Meanwhile, the Chinese government is urging local mutual funds and insurers to increase their stock investments, aiming to improve its struggling equity market amid escalating trade tensions with the United States. Japanese shares ended almost unchanged as the Bank of Japan hiked the short term rate target by 25 basis points as expected and new data showed core inflation rose last month at the fastest pace in 16 months.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,252.63 | 22.47 | 0.69 |
| Hang Seng | 20,066.19 | 365.63 | 1.82 |
| Jakarta Composite | 7,166.06 | -66.58 | -0.93 |
| KLSE Composite | 1,573.73 | -3.47 | -0.22 |
| Nikkei 225 | 39,931.98 | -26.89 | -0.07 |
| Straits Times | 3,804.26 | -2.31 | -0.06 |
| KOSPI Composite | 2,536.80 | 21.31 | 0.84 |
| Taiwan Weighted | -- | -- | -- |
