Asian markets settled mixed on Friday tracking Wall Street’s overnight fall amid an intensifying trade conflict between the United States and China after the White House confirmed that the cumulative tariff rate on China would actually total 145%. Chinese and Hong Kong shares gained as market participants awaited the outcome of a Thursday meeting planned by China's top leaders to discuss additional economic stimulus to counter the impact of an escalating trade war. Japanese shares declined as a stronger yen hurt export-related shares. Meanwhile, market participants were closely watching for further insights into the Fed’s monetary policy outlook ahead of the US producer price report later today.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,238.23 | 14.59 | 0.45 |
| Hang Seng | 20,914.69 | 232.91 | 1.11 |
| Jakarta Composite | 6,262.23 | 8.21 | 0.13 |
| KLSE Composite | 1,454.76 | -8.37 | -0.57 |
| Nikkei 225 | 33,585.58 | -1,023.42 | -3.05 |
| Straits Times | 3,512.53 | -65.30 | -1.86 |
| KOSPI Composite | 2,432.72 | -12.34 | -0.51 |
| Taiwan Weighted | 19,528.77 | 528.74 | 2.71 |
