Asian Equities Rebound on U.S. Lead

A positive lead from Wall Street helped Asian shares to regain some steam on Friday after being heavily sold down over the past two trading sessions. Meanwhile, investors also weighed economic data and central bank releases across the region.

Overnight, Wall Street finished higher, helped by a surge in tech stocks ahead of the key April jobs report. The Nasdaq Composite and Dow Jones Industrial Average closed up 0.5 percent each, while the S&P 500 gained 0.4 percent.

In another relief for the stock market, Treasurys paused their rally with bond yields coming off morning highs. The benchmark U.S. 10-year Treasury note yield traded near 2.18 percent after hitting a high of 2.27 percent. Thirty-year bond yields traded around 2.91 percent after topping 3 percent, a four-month high.