China is slated to release its December trade data later in the day, while India is expected to report its inflation figures for the same month.

The Bank of Japan is expected to raise interest rates on Friday to their highest levels since the 2008 global financial crisis, as a broad stocks rally worldwide calms policymakers' fears U.S. President Donald Trump's tariff threats could upend markets.

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

People walk inside the Korea Exchange (KRX) building, as stock markets in Asia as a whole have been affected by the intensifying political turmoil over president Yoon Suk Yeol’s role in martial law, in Seoul, South Korea, on Dec. 9, 2024.

The Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility.Most Read from BloombergThese Homes Withstood the LA Fires.

The downward start in Asia comes as a global risk rally this week, fueled by traders re-adjusting Federal Reserve interest rate cut bets following Wednesday’s benign inflation data, loses steam.

China is slated to release its December trade data later in the day, while India is expected to report its inflation figures for the same month.

Global shares rose on Friday buoyed by the prospect of lower U.S. interest rates following comments from President Donald Trump, while the yen steadied ahead of a widely expected rate hike from the Bank of Japan later in the day.

Benchmark oil prices have experienced wild swings after the US and the UK imposed sanctions targeting the supply of Russian oil Asian energy markets are facing heightened uncertainties as prices swing over the latest Western sanctions targeting Russian oil shipments and US President Donald Trump's push to expand American oil output,

Asia-Pacific markets trade mixed on Thursday as investors continued to weigh U.S. President Donald Trump's recent trade policy announcement. Investors also responded to China's latest move to reverse its sluggish stock market by prompting insurance funds to raise the size and proportion of their investments in Chinese A-shares,

Economists are split on whether Singapore's central bank will loosen monetary policy this week or leave its settings unchanged to wait to see what policies U.S. President Donald Trump introduces in his second term.