Asian markets settled mixed in thin trade on Friday, with markets in mainland China, Hong Kong and Taiwan closed for holidays. A cautious undertone prevailed after planned talks in Switzerland between the United States and Iran to discuss the technical terms of their ceasefire deal have been postponed, raising doubts about the durability of the recent peace agreement and weighing on risk appetite across regional markets. Investors' sentiment has also been hit by expectations that central banks including the Federal Reserve will raise interest rates to curb inflation. However, Japanese shares gained marginally after data showed Japan's key inflation gauge remained steady at 1.4% in May, partly due to government subsidies on energy costs. Meanwhile, the risk of official Japanese intervention mounted as the yen traded on the brink of a 40-year low.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | -- | -- | -- |
| Hang Seng | -- | -- | -- |
| Jakarta Composite | 6,177.14 | 4.80 | 0.08 |
| KLSE Composite | 1,712.03 | 0.64 | 0.04 |
| Nikkei 225 | 71,250.06 | 196.57 | 0.28 |
| Straits Times | 5,192.70 | -20.14 | -0.39 |
| KOSPI Composite | 9,052.42 | -11.42 | -0.13 |
| Taiwan Weighted | -- | -- | -- |
