Asian markets ended mostly lower on Thursday, tracking steep losses in Wall Street overnight, as fresh US-Iran military clashes cast doubt on the prospects for a peace deal, while the 4.2% annual rise in US CPI inflation boosted bets that the Federal Reserve will hike interest rates this year. Chinese and Hong Kong shares declined as shares of tech companies including Alibaba and JD.com tumbled on concerns about regulatory scrutiny.
Although overall losses were limited as Brent crude fell below $93 a barrel after the US military said that it had completed its latest round of airstrikes targeting Iran, raising hopes that peace negotiations could resume. Japanese shares gained marginally, even though the Bank of Japan is widely expected to raise interest rates from 0.75% to 1% at its upcoming meeting. Seoul shares rose after government data showed South Korea's chip exports more than tripled from a year earlier in the first 10 days of June to $11 billion.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,987.02 | -6.21 | -0.16 |
| Hang Seng | 24,249.29 | -158.67 | -0.65 |
| Jakarta Composite | 5,886.03 | -16.35 | -0.28 |
| KLSE Composite | 1,679.53 | 0.57 | 0.03 |
| Nikkei 225 | 64,217.27 | 38.00 | 0.06 |
| Straits Times | 4,988.10 | 29.25 | 0.59 |
| KOSPI Composite | 7,763.95 | 33.13 | 0.43 |
| Taiwan Weighted | 43,149.46 | -76.08 | -0.18 |
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