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Asian equities are poised for a pullback on Thursday, following a broad decline in US markets and increasing caution in the bond market. Futures for share indexes in Japan, Australia, and Hong Kong dipped early Thursday, after the S&P 500 dropped 0.9% and the tech-heavy Nasdaq 100 fell 1.6% on Wednesday. Meanwhile, the yen steadied after dropping to its lowest level against the dollar in nearly three months, amid fears of potential intervention by Japanese officials. The US 10-year Treasury yield rose , pushing the dollar higher as traders scaled back their expectations of Federal Reserve rate cuts . Tesla's after-hours rally of 8% on robust earnings provided a silver lining for tech stocks, with an ETF tracking the Nasdaq 100 gaining 0.4% in post-market trading. Bond yields in Australia also climbed early Thursday, mirroring movements in US treasuries, as concerns over the pace of rate reductions by the Fed grow. The term premium on 10-year US Treasury notes reached it...

  The US dollar gave up some of its overnight gains on Wednesday, while Asian stocks showed mixed performance as traders weighed the likelihood of a significant Federal Reserve (Fed) interest rate cut later in the day. The dollar fell sharply against the yen , giving back about a third of its rally from Tuesday, which was initially driven by unexpectedly strong US retail sales data that weakened the case for an aggressive Fed rate cut. The euro also recovered, regaining nearly all of its previous day's losses. Fed Rate Cut Expectations The probability of the Fed initiating its easing cycle with a substantial 50 basis point (bps) rate cut fluctuated throughout the Asian trading session. It fell to 63% early in the day, down from 67% on Tuesday morning, according to LSEG data . However, by 0137 GMT , the odds had risen again to 65% . Market Performance in Asia Japanese stocks were the standout performers in the region, with the Nikkei stock average climbing 0.72% to erase T...

  Asian equities are poised to advance on Friday following a fourth consecutive day of gains on Wall Street . Recent economic data have done little to alter investor expectations regarding the Federal Reserve's (Fed) anticipated rate cuts. Equity futures in Japan, Australia, and Hong Kong climbed, each rising by less than 1% , indicating a muted risk appetite. A pause in the yen's strengthening trend supported Japanese exporters on Thursday, with the currency trading just below 142 per dollar in early trading. US Treasury 10-year yields advanced two basis points to 3.67% on Friday, while the dollar index fell. German bunds snapped a seven-day winning streak after European Central Bank (ECB) President Christine Lagarde suggested rates would remain sufficiently restrictive following an expected quarter-point interest rate cut to 3.5% . Meanwhile, oil prices climbed and gold hit an all-time high. US Economic Data and Fed Rate Expectations The US Producer Price Index (P...