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Asian markets end mixed on Thursday
Jul-02-2026
Asian markets ended mixed on Thursday tracking Wall Street's slight fall overnight as AI-related concerns triggered a sharp sell-off in semiconductor shares. A survey showed that US manufacturing activity slowed in June after surging in the prior month. Additionally, ADP reported that US private businesses added 98,000 new jobs in June, missing street estimates of 110,000 and falling below the prior month's 122,000 increase. Investors remained cautious ahead of the widely watched US monthly labor market report, which is expected to provide fresh clues about labor market conditions and the Federal Reserve's interest rate outlook. Meanwhile, Federal Reserve Chair Kevin Warsh said inflation risks had eased over the past month while reaffirming the central bank's commitment to restoring price stability, signaling there was no urgency to raise interest rates. South Korea experienced acute selloffs after reports that Apple is in active negotiations to purchase chips from two Chinese semiconductor makers on a Pentagon blacklist, as the company seeks to ease the impact of a global memory shortage that has forced price increases across its product line-up.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,028.90

-83.54

-2.03

Hang Seng

23,055.03

174.01

0.76

Jakarta Composite

5,744.56

49.44

0.86

KLSE Composite

1,661.83

5.00

0.30

Nikkei 225

68,733.15

-1,741.81

-2.47

Straits Times

5,217.15

55.65

1.08

KOSPI Composite

7,648.09

-655.32

-7.89

Taiwan Weighted

46,744.16

-274.83

-0.58


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