Asian markets are mixed to slightly lower as investors pause after recent volatility tied to concerns about how durable the AI-driven rally is. Market attention shifts to the upcoming U.S. payrolls report, scheduled for later in the day, which traders expect could influence the interest-rate outlook. A stronger or weaker jobs figure would likely affect expectations for future monetary policy.
In commodities, oil prices extend gains amid heightened risk in the Middle East. The move reflects market pricing of potential supply disruptions or increased geopolitical risk. Overall, sentiment remains cautious: equities take a wait-and-see approach ahead of the U.S. data, while energy markets respond to geopolitical developments. The combination of an upcoming macro catalyst for rates and ongoing Middle East risk continues to shape trading across Asia and related global markets.
