Forex
Asian Stocks Slide as Oil Surges on US-Iran Conflict Concerns
Asian stocks declined on Friday as oil prices surged due to renewed US-Iran conflict concerns. The MSCI's Asia Pacific equities gauge slipped 0.4% following a modest gain by Wall Street benchmarks.
Bonds were in focus after Treasuries rebounded from a global sell-off despite higher oil prices, driven by demand for haven assets.
The 10-year yield retreated to 5.24% on Thursday, October 1st, with dovish commentary from US Federal Reserve officials supporting the rally ahead of Friday's US jobs data.
Australian, New Zealand, and Japanese bonds rose early on Friday as traders remained focused on bonds.