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Asian markets end mostly down on Friday
Jul-04-2025
Asian markets ended mostly down on Friday due to concerns over US President Donald Trump's tariff threats ahead of the July 9 deadline. Investors also reacted to the passage of Trump's tax-cut and spending bill that is set to massively widen the budget deficit and leave an added 12 million Americans without health insurance. Seoul shares declined on profit booking after US Treasury Secretary Scott Bessent said the US and India are nearing a deal but talks with Japan and South Korea have been stalled for weeks. However, Japanese shares gained marginally tracking Wall Street’s gains overnight as a robust jobs report along with encouraging jobless claims and service sector activity readings helped ease worries of slowdown in the US economy. Chinese shares rose on signs of de-escalating US-China trade tensions, with the US lifting chip design software curbs against China and the latter moving to restart rare earths exports to the United States.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,481.49

20.34

0.58

Hang Seng

23,954.05

-115.89

-0.48

Jakarta Composite

6,863.86

-14.19

-0.21

KLSE Composite

1,550.19

1.20

0.08

Nikkei 225

39,804.41

18.51

0.05

Straits Times

4,009.50

-10.07

-0.25

KOSPI Composite

3,053.90

-62.37

-2.04

Taiwan Weighted

22,547.50

-165.47

-0.73

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