Asian stocks fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts.

The United States has long called for better market access for its farm products from beef to apples and potatoes. US President Donald Trump in April slammed steep tariffs on rice in South Korea and Japan.

Finance Minister Sri Mulyani Indrawati revealed that the Australian-dollar-denominated Indonesian government obligations are to be launched in August, but Australian investors appear to be wary.

Cocoa prices have surged significantly because of disease outbreaks in key producing regions in Latin America and Africa.

Japan's ruling coalition lost control of the upper house in Sunday’s election, further weakening Prime Minister Shigeru Ishiba’s grip on power.

In the longer term, the movement of copper prices depends on the resilience of US domestic demand.

Roughly eight percent of jobs are tied to the auto industry in Japan, which is home to the world's top-selling carmaker Toyota as well as Honda, Nissan and other giants.

Initial news that US President Donald Trump was likely to fire Powell soon sent stocks and the dollar sliding.

For its part, the EU has already prepared a list of tariffs worth 21 billion euros ($24.5 billion) on US goods if the two countries fail to reach a trade deal, Italian Foreign Minister Antonio Tajani said on Monday.

Investors have become largely inured to Trump's chaotic policy methods and stocks eased only modestly.

US and European stock futures dipped in Asia on Friday after President Donald Trump stepped up tariff threats against Europe and Canada, restraining an early rally in regional share markets.

Asian markets mostly rose Thursday on optimism that governments will hammer out deals to avoid the worst of US President Donald Trump's tariffs even after he broadened his range of measures.

The PNBP of the mining sector depends on three key factors, which are global coal prices, production volumes and government-set royalty rates.

US Comex copper futures jumped more than 12 percent to a record high after President Donald Trump announced the planned tariffs.

With very few actual trade deals done, analysts had suspected Donald Trump's tariff deadline would be pushed out, though it was still not clear if the new date applied to all trading partners or just some.

The meeting comes after a 12-day conflict between Iran and Israel, which briefly sent prices above US$80 a barrel.

The dollar retraced some of Thursday's gains with US markets already shut for the week, as traders considered the impact of the sweeping spending bill Trump is about to sign into law.

A global shift in coal markets, along with ongoing geopolitical tensions, have left local miners scrambling to realign their strategy to offset shrinking export opportunities by shifting their focus to domestic sales and making inroads into smelting.

Asia shares hit their highest level in more than three years on Friday as they tracked a Wall Street rally, though the dollar struggled on concerns about the Federal Reserve's independence and expectations for early rate cuts.

Tesla's new car sales in Europe fell 27.9 percent in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2 percent, with the US EV maker's revised Model Y yet to show signs of reviving the brand's fortunes.

Global shares rallied and the dollar extended declines on Tuesday after US President Donald Trump said Iran and Israel had agreed to a ceasefire, sending oil prices into a deep dive as concerns over supply disruptions ebbed.

Shares slipped in Asia on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate against US attacks on its nuclear sites, with resulting risks to global activity and inflation.

A US attack on Iranian nuclear sites on Saturday could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy.

Oil prices retreated Friday while US and European stock markets gained ground as concerns over a war escalation in Iran eased.

The Bank of Japan kept interest rates unchanged Tuesday and said it would taper its purchase of government bonds at a slower pace amid concerns about the effect of trade uncertainty on the world's number four economy.

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles.

The fall in new purchases highlighted the sector’s vulnerability to policy shifts as producers and consumers remain in wait-and-see mode over future incentives.

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs.

Stocks dived in early Asian trade on Friday, led by a selloff in US futures, while oil prices jumped after Israel conducted a military strike on Iran, sending investors scurrying to safe havens such as gold and the Swiss franc.

Global stocks and the dollar slipped on Thursday as investors sized up a benign US inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dented risk sentiment.