Asia Morning Call: Nikkei rises 1.30%, US 10-year yield at 5.165%

S. 10 * indicates closing price All prices as of 2025 GMT Equities GLOBAL — US Treasury yields stabilized on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve interest rate hikes. 53%. For a full report, click on MKTS/GLOB - — - — NEW YORK — Wall Street ended higher on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge.

Gains in the S&P 500 and Nasdaq capped a volatile week driven by uncertainty about what industries will win and lose from artificial intelligence, and by concerns about the US war with Iran and a surge in US Treasury yields. N - — - — LONDON — European shares snapped a three-week losing streak on Friday as oil prices retreated for most of the week, although investors remained cautious about developments in the Middle East and surging bond yields. 5% advance. EU - — - — TOKYO — Japan's Nikkei share gauge rose for a fifth straight session on Friday, driven by gains in AI-related companies and as investors bought ahead of a Monday deadline to qualify for mid-term dividends.

20, rising just over 2% in the holiday-shortened week. T - — - — SHANGHAI — Mainland China's financial markets were closed from September 25 to September 27 for the Mid-Autumn Festival. 2%, both marking their biggest one-day drop in a month. SS - — - — AUSTRALIA — Australian shares were expected to open largely unchanged on Monday as investors awaited the central bank's policy decision later in the week, with markets expecting a fourth rate hike of the year.

The local share price index futures was flat, at an 18-point premium to the underlying S&P/ASX 200 index close. 4% lower on Friday. AX - — - — SEOUL — South Korean financial markets were closed Thursday to Friday for the Chuseok holidays. For a full report, click on KRW/ - — - — Foreign Exchange NEW YORK — The dollar declined on Friday as oil prices eased, but was set for a second straight weekly advance on growing rate hike bets, while the yen rallied after Japan said Tokyo and Washington remain steadfast to the stance behind July's joint intervention.

95. For a full report, click on USD/ - — - — SHANGHAI — Mainland China's financial markets were closed from September 25 to September 27 for the Mid-Autumn Festival. For a full report, click on CNY/ - — - — AUSTRALIA — The Australian and New Zealand dollars were nursing painful weekly losses on Friday as surging US yields buoyed the greenback, while domestic bonds showed some resilience in the face of a vicious global selloff. 7010.

For a full report, click on AUD/ - — - — SEOUL — South Korean financial markets were closed Thursday to Friday for the Chuseok holidays. For a full report, click on KRW/ - — - — Treasuries NEW YORK — US longer-dated Treasury yields rose on Friday, extending their recent sharp move higher after more upbeat economic data reinforced concerns about inflation. 165%. For a full report, click on US/ - — - — LONDON — Euro zone government bond yields were on track for their seventh consecutive weekly rise on Friday as higher energy prices and increasingly hawkish signals from central banks pushed up expectations for policy rates.

6249%. For a full report, click on GVD/EUR - — - — TOKYO — Japanese government bond (JGB) yields extended their climb to historic levels on Friday as a global fixed-income selloff and expectations of further rate hikes by the Bank of Japan reinforced upward pressure on borrowing costs. 115%. For a full report, click on JP/ - — - — Commodities GOLD — Gold prices edged higher on Friday but were headed for a weekly loss, as concerns about sticky inflation, hawkish signals from Federal Reserve policymakers, and higher US Treasury yields dented bullion's appeal.

m. ET (1805 GMT). For a full report, click on GOL/ - — - — IRON ORE — Iron ore futures were little changed on Thursday, as rising inventories and deepening losses at steel mills in top buyer China countered some support from expectations of reduced shipments from Brazil. 29) a metric ton.

For a full report, click on IRONORE/ - — - — BASE METALS — Copper prices crept higher on Friday, boosted by a weaker dollar and shortages in China, but gains were modest as investors remained wary about the potential for more rate hikes that could dampen metals demand. 1% to $14,634 a metric ton by 1600 GMT. For a full report, click on MET/L - — - — OIL — Oil prices fell about 2% on Friday on mounting hopes for a truce between the US and Iran and talk about a possible US ban on diesel exports, even as traders worried that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply from the Middle Eastern producer. 32 a barrel.

For a full report, click on O/R - — - — PALM OIL — Malaysian palm oil futures tumbled more than 2% on Friday to their lowest level in over seven weeks, pressured by expectations of higher output and weak exports that could boost inventories. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange slid 99 ringgit For a full report, click on POI/ - — - — RUBBER — Japanese rubber futures traded in a tight range on Friday, as a weaker yen countered concerns over softer demand from top consumer China ahead of a holiday period, although the contract notched its biggest weekly gain since April. 86) per kg.

For a full report, click on RUB/T - — - — (Bengaluru Bureau; +91 80 6749 1130) (Bengaluru Bureau; +91 80 6749 1130)