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Asian markets end mostly higher on Friday
Jul-11-2025
Asian markets ended mostly higher on Friday tracking Wall Street’s gains overnight as investors cheered by data that showed weekly jobless claims unexpectedly slipped to a seven-week low. Hong Kong shares jumped, with EV and technology shares surging on China's stimulus pledge ahead of a highly anticipated Politburo meeting. However, some gains were limited as investors stayed cautious after US President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners that haven't got letters yet. The US President also said he would make an announcement regarding Russia, raising the prospect of more sanctions on the major oil producer.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,510.18

0.50

0.01

Hang Seng

24,139.57

111.20

0.46

Jakarta Composite

7,047.44

42.07

0.60

KLSE Composite

1,536.07

-0.45

-0.03

Nikkei 225

39,569.68

-76.68

-0.19

Straits Times

4,087.81

12.11

0.30

KOSPI Composite

3,175.77

-7.46

-0.23

Taiwan Weighted

22,751.03

57.78

0.25

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