Asian markets settled mostly lower on Friday tracking Wall Street's overnight fall as markets faced heavy selling pressure due to inflation worries after Brent crude prices jumped to their highest level since May on escalating Middle East tensions. Market sentiments weakened further as Global bond yields surged toward multi-year highs ahead of US CPI report and after Thursday's PPI data showed wholesale prices picked up last month, strengthening expectations for a Federal Reserve rate hike next week. Further, Japanese Nikkei fell amid rising expectations that Bank of Japan may raise its benchmark interest rate by 25 basis points to 1.25% at its upcoming policy meeting next week.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,888.11 | -46.29 | -1.18 |
Hang Seng | 24,805.63 | -148.84 | -0.60 |
Jakarta Composite | 6,541.38 | -47.96 | -0.73 |
KLSE Composite | 1,686.74 | -18.78 | -1.10 |
Nikkei 225 | 64,011.34 | -1,259.61 | -1.93 |
Straits Times | 5,695.93 | 6.18 | 0.11 |
KOSPI Composite | 6,909.91 | -124.01 | -1.76 |
Taiwan Weighted | 46,184.85 | -755.64 | -1.61 |
