Asian markets ended mostly higher on Friday tracking Wall Street’s gains overnight as investors cheered by data that showed weekly jobless claims unexpectedly slipped to a seven-week low. Hong Kong shares jumped, with EV and technology shares surging on China's stimulus pledge ahead of a highly anticipated Politburo meeting. However, some gains were limited as investors stayed cautious after US President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners that haven't got letters yet. The US President also said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,510.18 | 0.50 | 0.01 |
| Hang Seng | 24,139.57 | 111.20 | 0.46 |
| Jakarta Composite | 7,047.44 | 42.07 | 0.60 |
| KLSE Composite | 1,536.07 | -0.45 | -0.03 |
| Nikkei 225 | 39,569.68 | -76.68 | -0.19 |
| Straits Times | 4,087.81 | 12.11 | 0.30 |
| KOSPI Composite | 3,175.77 | -7.46 | -0.23 |
| Taiwan Weighted | 22,751.03 | 57.78 | 0.25 |
