Asian Market Wrap:
Asian Market Wrap: Asian stock markets are ending another volatile week on a positive note. Nikkei and Topix gained 0.72% and 0.82% respectively, the ASX 200 was also up 0.82% at the close and Hang Seng and CSI 300 are also higher, the latter underperforming, however as mainland bourses returned from holidays. Long yields mostly corrected in Asia overnight, Treasury yields are up 0.7 bp on the day and remain near the highs seen in the wake of the FOMC minutes at 2.928%. Markets continue to struggle with the prospect of rising yields as central banks remain on course to take out further support and tighten policies. Oil prices are higher on the day and the front end Nymex future is trading at USD 62.80 per barrel.