China's stocks struggled to advance amid heightened uncertainty about the U.S. trade policy and persistent weakness in the residential property market.
China's exports and trade surplus expanded in the first half, despite a widening rift with the U.S., driven by a rise in exports of renewable energy products, electrical vehicles, and household appliances.
Japan's policymakers and politicians intensified debate to reduce reliance on U.S. exports and defense amid growing resistance to the unilateral tariffs proposed by the U.S. president.
Economists are lowering the economic growth outlook for the second half, driven by the persistent weak domestic demand growth and volatile U.S. trade policy.
China's two inflation reports confirm persistent deflationary trend amid weak domestic demand and uncertain export outlook. Five new Hong Kong listing raised a combined HK $10.4 billion, amid improved market sentiment and regulatory support.
The Nikkei 225 Stock Average and the Topix edged higher after Japan signaled a firm stance against the U.S. tariffs, despite the pressure from the Trump administration.
China's stock markets lacked momentum and direction amid a growing realization that the U.S. is looking to target Chinese exports with aggressive import duties.
China-based stocks faced headwinds as investors shifted their focus to the U.S. tariff deadline next week. For the week, the Hang Seng declined for the first time in three months.
