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 |
