Asian markets ended mixed on Friday after the US Federal Reserve meet. Hong Kong shares posted weekly losses after the US Federal Reserve projected higher interest rates in 2023. Japanese shares ended lower as the Bank of Japan (BoJ) kept its ultra-lax monetary policy intact, as investors had expected. BoJ also maintained its massive monetary stimulus to support the economy and extended a September deadline for its pandemic-relief programme to help pandemic-hit firms. Meanwhile, Chinese stocks dropped on worries over lofty valuations and Sino-West tensions.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,525.10 | -0.50 | -0.01 |
Hang Seng | 28,801.27 | 242.68 | 0.85 |
Jakarta Composite | 6,007.12 | -61.33 | -1.01 |
KLSE Composite | 1,589.05 | 18.19 | 1.16 |
Nikkei 225 | 28,964.08 | -54.25 | -0.19 |
Straits Times | 3,144.16 | 5.85 | 0.19 |
KOSPI Composite | 3,267.93 | 2.97 | 0.09 |
Taiwan Weighted | 17,318.54 | -72.07 | -0.41 |