Asian Markets Mixed Amid Geopolitical Tensions

Asian markets opened cautiously amid geopolitical tensions and economic data releases, with mixed performances noted across the region. Japanese markets showed a positive trend, supported by stronger yen projections and potential easing of ultra-loose monetary policy by the Bank of Japan. Markets in China and Hong Kong had varied reactions; China's indices slightly rose on factory activity data, while Hong Kong's Hang Seng index rebounded despite recent declines. Investors are also anticipating key economic indicators from the U.S., including the nonfarm payrolls report, which is expected to influence a potential Federal Reserve rate cut. Oil prices surged due to geopolitical tensions involving Iran, while tech stocks demonstrated volatility, with Amazon posting significant gains after exceeding earnings expectations. Meanwhile, Australian markets prepared for consumer price data releases, with inflation expected to decline, impacting trader sentiment.