[Asian midday: Asia-Pacific** mostly higher, the dollar weakened before the non-farm payrolls data] Meta and Amazon's performance outlook exceeded expectations, and the Nasdaq 100 index** extended gains to 1% in early Asia. Most Asia-Pacific** also relayed U.S. stocks higher overnight, and policy expectations pushed South Korean stocks to lead the gains. Chinese real estate stocks are in both mainland China and Hong Kong**. Tencent and other game stocks rose sharply in early trading, after the National Press and Publication Administration released a list of imported online game versions in 2024, and a total of 32 games were approved.
Benchmark stock indices for Australia and Japan**, and Greater China** mixed. South Korea** surged more than 2% and is on track for its biggest weekly gain since 2022. In South Korea, banks joined automakers and hardware technology stocks in driving the KOSPI** on expectations that regulatory pushes will boost valuations. Earlier this week, South Korea's finance minister vowed to improve shareholder returns and corporate governance. On Thursday, the S&P 500 and the tech-heavy Nasdaq 100 both exceeded 1%**, and U.S. futures also climbed during the Asian session.
In the Japanese market, Aozora Bank once **19%, fell by more than 30% in two days. This is because the bank expects to incur a loss in the current fiscal year on its investment in the U.S. commercial real estate sector.
On the eve of the release of the U.S. non-farm payrolls data, the dollar is weak, and the dollar index is expected to end a four-week winning streak; Multi-maturity Treasury yields stabilized after falling for several days. G10 currencies are mostly highly volatile, led by commodity currencies such as Australia and New Zealand. The South Korean won was the top gainer among Asian currencies and headed for its biggest weekly gain in a month.
After a sharp overnight decline**, the market is focused on the situation in the Middle East.
Let's take a look at it specifically. **
S&P 500 Index***05%
Nikkei 225 Index***09%, the Topix index rose 04%
South Korea's KOSPI Index**225%
Australia's S&P ASX 200 Index**13%
Hong Kong's Hang Seng Index**06%
The Shanghai Composite Index fell 07%
The Eurozone Stoxx 50 index rose 09%
Currency. The U.S. dollar spot index was broadly flat.
The euro was essentially flat against the dollar at 10876 USD.
The Japanese yen was largely unchanged against the dollar at 14636 yen.
The offshore yuan was basically flat against the US dollar at 71887 yuan.
AUD/USD rose 04% to 0$6596.
Cryptocurrencies. Bitcoin**02% to 42,996$47.
Ethereum fell 01% to 2,300$51.
Bond. The yield on the 10-year Treasury note was 1 basis point to 389%
Japan's 10-year yield fell 15 basis points to 0675%
Australia's 10-year government bond yield** 3 basis points to 398%
Commodities. WTI*** rose 04% to 74 per barrel$12.
Spot** was basically flat.
Global Market Broadcast).