Asia report: Shares fall amid bond volatility, US Gulf buildup report

(Sharecast News) - Asian shares fell on Friday as volatile bond markets and reports of a US military buildup in the Gulf kept oil above $101 a barrel ahead of American jobs data later in the day.

Japan's Nikkei fell 0.87% to 68,357, while Hong Kong's Hang Seng slumped 2.74% to 23,940. China's Shanghai Composite edged up 0.31% to 3,842.20, and South Korea's KOSPI gained 0.46% to 7,003.74 Taiwan's TAIEX rose 0.27% to 48,483.70, while Australia's ASX 200 added 0.79% to 8,682.

US government bond yields pushed higher, with the 10-year Treasury yield up 1.6 basis points to 5.243%, having dropped 6 bps overnight to ease from a 24-year high of 5.3445%.

The 30‑year Treasury also gained 1.6 basis points to 5.619%, extending the upward pressure across the long end of the curve as global fixed‑income markets remain under strain.

Oil prices remained elevated on Friday after spiking overnight, with the US reportedly sending more troops and another aircraft carrier to the Middle East.

Brent crude was down 0.81% to $101.48 a barrel.

Traders were also eyeing September's non-farm payrolls report with analysts forecasting job growth of 84,000 and a steady unemployment rate of 4.1%.

Reporting by Frank Prenesti for Sharecast.com