Wall Street Edges Higher as Treasury Yields Retreat 
Asian Stocks Fall as US Jobs Data and Oil Risks Rattle Markets 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
Oil Prices Slide as Middle East Flows Recover 
US Treasury Bond Buybacks Fall Short Despite Expanded $6 Billion Cap 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
Yen Strengthens on Tokyo Inflation as Dollar Awaits US Jobs Data 
IMF Says Global Bond Markets Remain Orderly Despite Yield Surge 
Japan Factory Output Unexpectedly Falls 1.7% in August 
Nasdaq Futures Jump as Micron Earnings Boost AI Trade 
Asian Stocks Rise as Bond Yields Ease Ahead of U.S. Inflation Data 
Gold Prices Steady as Markets Await U.S. Jobs Data 
Gold Steady as Softer U.S. Inflation Eases Fed Rate Hike Bets 
Dollar Eases Near Two-Month High as Yen Rebounds 
Oil Prices Steady as Middle East Crude Flows Recover 
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Asian stock markets traded mixed on Friday as investors adopted a cautious stance ahead of crucial U.S. employment data that could influence the Federal Reserve’s interest-rate outlook. Elevated Treasury yields and oil prices also continued to pressure market sentiment.
Japan’s Nikkei 225 fell 0.9%, while the broader TOPIX declined 1.1%. Hong Kong led regional losses, with the Hang Seng Index tumbling 3% to an 11-week low near 23,900 after markets reopened following Thursday’s holiday. The Hang Seng TECH Index dropped 2.5% as technology shares came under selling pressure.
South Korea’s KOSPI gained 0.3% after fluctuating between positive and negative territory. Australia’s S&P/ASX 200 advanced 0.5%, while Singapore’s Straits Times Index slipped 0.3%. Mainland Chinese markets remained closed for the National Day Golden Week holiday and are scheduled to reopen on October 8. Indian markets were also shut Friday for Mahatma Gandhi Jayanti.
Investors were also assessing stronger inflation data from Japan. Tokyo’s core consumer price index rose 2.7% year-on-year in September, accelerating from 1.8% in August and exceeding the 2.4% forecast.
The figures followed a summary of the Bank of Japan’s September meeting showing that some policymakers favored faster interest-rate increases amid growing inflation risks. The BOJ has already raised its policy rate to 1.25%, with markets considering another hike in October or December.
Attention now shifts to September U.S. nonfarm payrolls. Economists expect 89,000 new jobs, while unemployment is forecast to remain at 4.1%. Markets currently assign about a 25% chance of a Federal Reserve rate hike in October, down from 69% a week earlier, while a December increase remains fully priced.
Meanwhile, the U.S. 10-year Treasury yield eased to around 5.25% in Asian trading after reaching 5.34% on Thursday, its highest level since 2002. Brent crude remained above $102 per barrel, adding to inflation concerns amid reports of an increased U.S. military presence in the Middle East and China’s halt in oil-product exports.
