MoneyWorks4Me

Asian market end mostly lower on Friday

28 Aug 2026 Evaluate
Asian market ended mostly lower on Friday, as market participants took a cautious stance ahead US Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole Symposium, which could provide some cues on Fed’s interest rate trajectory. Investor sentiments dulled after President Donald Trump hinted that Chinese banks could face penalties as part of Washington's pressure campaign against Tehran, following Scott Bessent warning that financial networks facilitating Iranian oil revenues are in the crosshairs. South Korea's KOSPI plunged the most among Asian indices after the Bank of Korea delivered a consecutive 25-basis-point interest rate hike to 3.00%.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,952.18

-4.39

-0.11

Hang Seng

25,584.79

19.05

0.07

Jakarta Composite

6,518.12

-3.63

-0.06

KLSE Composite

1,725.88

-15.84

-0.91

Nikkei 225

66,405.56       

273.58

0.41

Straits Times

5,699.93

15.81

0.28

KOSPI Composite

6,788.88

-123.49

-1.79

Taiwan Weighted

46,331.45

356.23

0.77

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