Asian markets opened mostly lower this week as investors brace for key U.S. inflation data, with Tokyo’s Nikkei down 0.5% and Hong Kong’s Hang Seng falling 2.1%. The Fed’s focus on bringing stubbornly high inflation back to 2% adds pressure, while Treasury Secretary’s bond-buyback plans failed to curb the 10-year yield’s climb to a 12-month high of 4.73%. Fed Governor Kevin Warsh’s upcoming Jackson Hole speech looms large amid ongoing geopolitical risks and economic uncertainty. Oil prices dipped amid Iran’s warnings, but Bitcoin surged near $77K, fueled by hopes for rate cuts and crypto-friendly legislation in Washington.
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