Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Friday, despite the broadly positive cues from Wall Street overnight, as spiking global bond yields and crude oil prices renewed inflation concerns amid potential escalation in the US-Iran conflict after reports of the U.S. sending a third aircraft-carrier, jet fighters and additional 10,000 troops to the Middle East by the end of November. Asian markets ended mixed on Thursday.

Traders look ahead to the release of the US Labor Department’s closely watched monthly jobs report later in the day, which is expected to have an impact on the outlook for interest rates.