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Morning Bid: Try to top that one, Asia

Asian stocks wrapped up a mixed August with robust weekly gains as renewed risk appetite was fueled by actions taken by Beijing to shore up the economy, while China will begin the week assessing the damage from Typhoon Saola.

reuters.com
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Asian stocks were mixed as traders awaited the Federal Reserve's summer conference for indications on inflation control and interest rate hikes, with investors warned of potential surprises.
Asian stocks, particularly Chinese markets, may find some respite after Wall Street's resilience on Monday despite surging bond yields, although economic data and policy actions out of China remain disappointing.
Asian stock markets rebounded from an eight-day losing streak, supported by a recovery in Chinese shares, while benchmark Treasury yields reached a 16-year high on concerns of sustained high interest rates.
Asian stocks sold off and the dollar reached an 11-week high against major peers as investors prepared for a potentially hawkish stance from Federal Reserve Chair Jerome Powell at the Jackson Hole meeting, with concerns about global growth and a firmer dollar weighing on crude oil.
Asian markets will be influenced by economic indicators, policy steps, and diplomatic signals from China, as well as reacting to the Jackson Hole speeches, purchasing managers index reports, GDP data, and inflation figures throughout the week, with investors desperate for signs of economic improvement as China's industrial profits continue to slump and authorities take measures to stimulate the capital market.
Asian shares rally as China announces new measures to support its struggling markets, while investors remain cautious ahead of U.S. jobs and inflation data that could impact interest rates.
Asian markets are expected to open strong, supported by a global equity upswing and lower bond yields, although caution remains due to the latest efforts by Beijing to support the Chinese stock market.
Gulf stock markets ended mixed as China's measures to support its markets provided some relief, while energy market volatility weighed on sentiment.
Asian stocks may face a volatile session as investors monitor U.S. economic data, a second China manufacturing PMI reading, and the U.S. employment report, with any indication of central bank leaders approaching the end of tightening likely to generate risk appetite.
Asian stocks are poised for modest gains as traders consider US jobs data suggesting the Federal Reserve may be close to the end of its tightening cycle.
Asian stocks are expected to open lower as traders focus on China's economic conditions and European shares fail to provide a strong lead, while oil and bond yields remain relatively high.
Asia-Pacific markets were mixed on Thursday as Saudi Arabia and Russia extended voluntary oil production cuts, leading to a rise in oil prices, while Chinese property stocks surged.
Chinese stocks are being affected by mixed estimates for inflation, which is impacting Alibaba and other companies.
Asian equities face a cautious start to trading while the yen strengthens following potentially hawkish remarks from the Bank of Japan governor, with futures for Australia slightly higher, US-listed Chinese stocks falling, and contracts for Japan showing a small gain.
Asian equity markets finished the day mixed, with Japan's Nikkei, Hong Kong's Hang Seng, and Taiwan's TAIEX declining, while South Korea's KOSPI, Australia's ASX All Ordinaries, India's SENSEX, and China's Shanghai Composite closed higher; European markets are higher in midday trading and U.S. equity futures point to a positive open following an upgrade by Morgan Stanley of Tesla's shares.
Asian markets are expected to finish the week strong due to positive movements in the U.S. and Europe, although the release of economic data from China may dampen the mood, as it includes indicators such as house prices, fixed asset investment, and unemployment. The Chinese government is aiming to support the economy, but doubts remain about reaching the 5% GDP growth target and trade relations with the West continue to deteriorate. However, if investors continue with the bullish momentum from Thursday, these concerns may be temporarily set aside.
Asian shares open cautiously as central bank meetings, including the Federal Reserve and Bank of Japan, loom; oil prices near 10-month highs and the US dollar remains strong.