Markets Shaken: Political Turbulence and Anticipation of U.S. Economic Indicators

Asian stocks declined due to political instability in South Korea. Global markets await U.S. nonfarm payrolls data, which could impact Federal Reserve's rate decisions. Bitcoin briefly crossed $100,000, while oil prices fell. Investors remain cautious amid changing economic conditions, globally monitoring key indicators and political developments.

Asian stock markets experienced a decline on Friday, influenced by political instability in South Korea, which led to concern among investors.

Meanwhile, market participants globally are in anticipation of the U.S. nonfarm payrolls data to determine potential rate cuts by the Federal Reserve this month. The outcome could significantly affect the financial markets as a strong report may deter expected rate cuts, while a weak one could exacerbate economic concerns.

Bitcoin saw a fluctuation, briefly surpassing $100,000 amid investor speculation on U.S. regulatory changes, before settling lower. Oil prices also declined despite OPEC+'s delayed output increase, reflecting the market's cautious stance as key economic indicators loom.

(With inputs from agencies.)