Asian markets end mostly higher on Thursday

Chinese shares ended up after the US Trump administration lifted recent export license requirements for chip design software sales in China

Asian markets ended mostly higher on Thursday tracking Wall Street’s gains overnight after US President Donald Trump's announcement of the US-Vietnam trade deal. Meanwhile, investors awaited US non-farm payrolls data that could influence the Federal Reserve's timeline for interest rate cuts. Japanese shares marginally rose, despite ongoing uncertainty over a trade deal with the United States and the threat of heavy tariffs. Seoul shares gained sharply, underpinned by the revision of the shareholder friendly Commercial Act and developments in tariff talks with the United States. Chinese shares ended up after the US Trump administration lifted recent export license requirements for chip design software sales in China. However, Hong Kong shares fell, led by technology shares, on fears over slowing Chinese growth. A private survey showed China's services activity growth hit a nine-month low in June.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,461.15

6.36

0.18

Hang Seng

24,069.94

-151.47

-0.63

Jakarta Composite

6,878.05

-3.20

-0.05

KLSE Composite

1,548.99

-1.22

-0.08

Nikkei 225

39,785.90

23.42

0.06

Straits Times

4,019.57

8.80

0.22

KOSPI Composite

3,116.27

41.21

1.32

Taiwan Weighted

22,712.97

135.23

0.60