Asian markets settled mostly down on Friday tracking Wall Street’s falls overnight and investor caution after US President Donald Trump modified ‘reciprocal’ tariff rates on several countries, ranging from 10% to 41%. South Korean stocks led losses in the region after the government proposed higher taxes on investors and companies in a bid to shore up revenue. Chinese and Hong Kong shares weakened after a private survey showed China's manufacturing activity returned to contractionary territory in July as a result of softening new business growth. Moreover, Japanese shares declined after mixed earnings from Apple and Amazon and concerns about continued investments by major tech players.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,559.95 | -13.26 | -0.37 |
| Hang Seng | 24,436.00 | -337.33 | -1.38 |
| Jakarta Composite | 7,537.77 | 53.43 | 0.71 |
| KLSE Composite | 1,533.35 | 20.10 | 1.33 |
| Nikkei 225 | 40,845.00 | -224.82 | -0.55 |
| Straits Times | 4,153.83 | -19.94 | -0.48 |
| KOSPI Composite | 3,119.41 | -126.03 | -4.04 |
| Taiwan Weighted | 23,434.38 | -108.14 | -0.46 |
