This week, the continuously released weak employment data in the United States has led to market expectations of a 50 basis point rate cut by the Federal Reserve. Tonight, the heavyweight non-farm payroll data may trigger a market earthquake.
Overnight, most of the three major U.S. stock indexes closed lower, and today the Asia-Pacific markets generally followed suit, with the Japanese and South Korean stock markets collectively falling. Economic concerns have intensified, risk aversion has increased, and U.S. bond yields continued to decline today. At the same time, the U.S. dollar weakened again, while the Japanese yen strengthened.
<blockquote>
<ul>
<li>Asia-Pacific stock markets generally declined, with the Seoul Composite Index in South Korea falling by 1.2%. The Nikkei 225 index fell by 0.7% to 36,391.47 points. The TOPIX index in Japan fell by 0.9%.</li>
<li>The U.S. dollar weakened, while the Japanese yen strengthened. The dollar fell by 0.5% against the yen to 142.74.</li>
<li>U.S. bond yields continued to decline, with the yield on the 30-year U.S. Treasury bond falling by 2.5 basis points to 3.994%, the lowest since December 2023.</li>
</ul>
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【Update at 14:40】
Asia-Pacific stock markets generally declined, with the Seoul Composite Index in South Korea falling by 1.2%. The Nikkei 225 index fell by 0.7% to 36,391.47 points. The TOPIX index in Japan fell by 0.9%. Major stock indices in India fell by about 0.9%. The SET index in Thailand remained relatively strong, rising by 1.6%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6fbfdaa9-f9e4-4d0b-a28e-5c47a7752c8e.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6fbfdaa9-f9e4-4d0b-a28e-5c47a7752c8e.png"/>
【Update at 13:15】
The dollar fell by 0.5% against the yen to 142.74.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7ad8e5e9-13ca-466f-bbe4-3fdcaa7ea089.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/7ad8e5e9-13ca-466f-bbe4-3fdcaa7ea089.png"/>

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US employment data remains weak, with the market awaiting tonight's heavyweight non-farm payroll data release. US bond yields continue to decline, the US dollar weakens further, and the Japanese yen strengthens. Asia-Pacific stock markets are generally trending lower

- The US employment data released this week continues to signal weakness, fueling expectations of a 50 basis point rate cut by the Federal Reserve. Tonight's highly anticipated non-farm payroll data could trigger significant market volatility.
- Asian markets followed the US trend with most major indices declining, including collective drops in the Japanese and South Korean stock markets. Economic concerns heightened, leading to increased safe-haven sentiment, lower US bond yields, a weaker US dollar, and a stronger Japanese yen.
- Across Asia, stock markets generally declined, with Seoul's KOSPI falling by 1.2% and the Nikkei 225 down by 0.7%. The US dollar weakened against the Japanese yen by 0.5%, reaching 142.74. US 30-year Treasury yields hit their lowest level since December 2023, dropping by 2.5 basis points to 3.994%.

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Non-farm payrolls about to "explode", most Asia-Pacific stock markets closed lower, US bond yields continue to decline, US dollar weakens