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Asian Stocks Fall as Oil Spike Revives Rate-Hike Fears Ahead of US Jobs Data

Asian stocks weakened as oil remained above US$100 and Treasury yields stayed near multi-decade highs, with investors awaiting US payroll data for the next rate signal.

By Bernard Lee4 min read

Singapore, 2 October 2026 – Asian equities moved lower on Friday as elevated oil prices, volatile bond markets and uncertainty over US interest rates pushed investors towards caution ahead of a closely watched US employment report.

The MSCI Asia-Pacific index excluding Japan fell about 0.3%, putting the regional benchmark on course for a weekly decline of roughly 1.5%.

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Author

  • Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.