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Asian markets trade mostly higher in early deals
Jul-03-2026

Asian markets were trading mostly higher in early deals on Friday as investors weighed signs of slowing US growth against the prospect of a less hawkish Federal Reserve. Chip stocks bounced, after Thursday’s sharp selloff, on bargain hunting. Besides, Japan’s services sector returned to growth in June after stagnating a month earlier, signalling that the country’s domestic economy remains resilient despite persistent inflationary pressures and growing uncertainty over geopolitical tensions. The latest S&P Global Japan Services Purchasing Managers’ Index (PMI) rose to 52.2 in June from 50.0 in May. Meanwhile, China’s private services PMI eased to 54.1 from 54.4, but stayed firmly in growth territory, with overseas demand rising at the fastest pace in 20 months.

KOSPI jumped 331.26 points or 4.33% to 7,979.35, Nikkei 225 surged 861.85 points or 1.25% to 69,595.00, Hang Seng rose 327.97 points or 1.4% to 23,383.00, Jakarta Composite gained 139.82 points or 2.43% to 5,884.38, Shanghai Composite strengthened 27.88 points or 0.69% to 4,056.78, FTSE Bursa Malaysia KLCI index added 15.29 points or 0.92% to 1,677.12 and Straits Times was up by 18.77 points or 0.36% to 5,235.92.

On the other hand, Taiwan Weighted lost 108.39 points or 0.23% to 46,635.77.

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