Asian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.

Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs.

The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production.

An official with the Cs-137 task force says the country is ready meet a request from a US spice association to resume clove exports to meet local holiday demand amid the FDA's elevated import requirements for Indonesian spices and shrimp.

The US dollar drifted up from a one-week low versus major peers on Wednesday ahead of a widely expected interest rate cut by the Federal Reserve later in the day.

The five-year bond has a coupon of 2.5 percent, while the 10-year one offers 2.9 percent.

Markets rallied after US Treasury Secretary Scott Bessent said the threat of the US president imposing an additional 100 percent tariff on Chinese goods was "effectively off the table".

Oil prices rose nearly 5 percent on Thursday after the US imposed sanctions on major Russian suppliers Rosneft and Lukoil over Russia's war in Ukraine, extending gains from the previous session.

Bank Indonesia has kept its benchmark interest rate in place after decreasing it by 25 basis points (bps) in each of the past three months, but the central bank is open for further cuts to encourage lending and push economic growth to its true potential.

Global shares slipped on Wednesday and gold pulled back sharply from a blistering rally, as stretched valuations came under scrutiny and investors booked profits.

The White House said US investments into Australia would unlock deposits of critical minerals worth $53 billion, without offering many details.

Climate shocks drove the cost of arabica soaring, with the beans hitting an all-time high in February 2025. That has been compounded by elevated transport costs and the 50 percent tariffs imposed by President Donald Trump since August 6 on many products from Brazil.

The dollar remained on the back foot on Friday as global trade frictions and signs of weakness in the US economy supported the case for more rate cuts by the Federal Reserve.

Stocks rose across most of Asia on Thursday, with the chip sector buoyant following a strong rally among US peers overnight.

Asian stocks dived for cover on Monday after fresh broadsides in the US-China trade war spooked markets with already stretched valuations, though there were signs risk sentiment had steadied with Wall Street futures bouncing.

Asian equities staggered into the weekend Friday following a mixed week that saw a Middle East ceasefire and huge new AI investments play off against the US shutdown and concerns about a tech bubble.

Gold pushed through US$4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the US Federal Reserve.

Japanese stocks and bond yields soared and the yen fell on Monday, after conservative China hawk and potential big-spender Sanae Takaichi won the leadership of the ruling party.

The shrimp was processed at an industrial estate near Jakarta that was later found to be contaminated with of Cesium 137 and the country's nuclear agency is seeking to pinpoint the size of the area affected.

Domestic investors are driving a stock market rally while riding a global gold price rally, a trend analysts tie to a combination of a weakening dollar and optimism over domestic pro-growth policies.  

Wall Street futures slipped, gold struck a record high and Asian stocks wavered on Wednesday, as the deadline passed for a US government shutdown that is expected to delay the release of crucial jobs data and muddy the interest rate outlook.

Shares in Asia edged higher and gold continued its record climb on Tuesday as markets weighed prospects for a US government shutdown that would delay closely watched jobs figures.

Most share markets rose in Asia on Monday while the dollar eased as investors braced for a possible shutdown of the US government, which would in turn delay publication of the September payrolls report and a raft of other key data.

Top global banks such as HSBC, JP Morgan and Santander had between 2021 and 2024 allocated only $1,368 billion "for sustainable power such as solar, wind, and related infrastructure ... while $3,285 billion was allocated to fossil fuels," it said.

Bank Indonesia's rate cut this week stunned markets for all the wrong reasons - investors fear the central bank is bowing to pressure from President Prabowo Subianto to juice the economy, compromising its independence and risking a rupiah sell-off.

Asian markets swung Friday at the end of a strong week for investors following the US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping.

The IDX Composite climbed another 0.5 percent to 8,065.74 points in Thursday's opening session before slipping to close 0.21 percent lower at 8,008.43 points.