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Asian markets end mixed on Wednesday

08 Jul 2026 Evaluate
Asian markets ended mixed on Wednesday, tracking Wall Street’s overnight decline amid concerns that the AI-fuelled rally in chipmakers may be overstretched, while investors awaited the release of minutes from last month's Federal Reserve meeting. Furthermore, surging crude oil prices and renewed US-Iran tensions added pressure on sentiment following a fresh round of US airstrikes on Iran. The strikes targeted more than 80 locations in response to Iranian attacks on three commercial vessels in the Strait of Hormuz. At the NATO summit in Ankara, US President Trump officially declared an interim peace deal with Iran ‘over’, calling continued talks with Tehran a waste of time. Meanwhile, South Korea's benchmark Kospi Index officially entered a bear market after plunging over 20% from its June record highs.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,970.88

-19.36

-0.49

Hang Seng

24,199.46

702.57

2.99

Jakarta Composite

5,873.37

-113.13

-1.93

KLSE Composite

1,683.61

0.68

0.04

Nikkei 225

66,819.05

-1,437.91

-2.11

Straits Times

5,369.57

27.33

0.51

KOSPI Composite

7,246.79

-409.52

-5.35

Taiwan Weighted

45,734.41

255.30

0.56