Asian indices with the first weekly increase for five weeks

Asian indexes on Friday scored their first weekly boost in five weeks after China refrained from declaring details about their response to US tariff hikes. Shares in Japan, Hong Kong and South Korea rose on the last day of the week, while those in China and Australia declined.
Beijing's officials seem to mitigate against President Trump's tariffs as a result of the slowdown in the economy, the fall in prices of shares on stock markets and the weakness of the currency.
China's exports for June exceeded analysts' average expectations, while imports slowed far more than expected, export data said.
Investors and analysts are turning their eyes on the upcoming quarterly reports, which can largely determine the future direction of stock markets around the world.