Equities in Hong Kong, China and South Korea retreated while shares in Australia edged higher. Japan’s Nikkei 225 climbed as tech shares rebounded on solid earnings from Tesla and SK Hynix.
US treasuries steadied along with the yen after a drop on Wednesday that was spurred by traders scaling back bets on US interest rate cuts.
Benchmark 10-year US yields fell two basis points, partly erasing the prior session’s increase when it hit the highest level in almost three months. An index of the dollar was little changed while Japan’s currency stabilized after sliding over 1% in the previous session.
