Asian stocks inch away from 10-month low, rate jitters linger By Reuters

Focus will be on the Chinese property sector after ChinaMeanwhile, data showed the U.S. economy maintained a fairly solid pace of growth in the second quarter and activity appears to have accelerated this quarter, but a looming government shutdown and an ongoing strike by auto workers are dimming the outlook for the rest of 2023.

"From this perspective, the current GDP figure is not seen as a significant threat and may provide some comfort in an otherwise concerning inflationary environment." The recent rise in Treasury yields to 16-year highs has cast a shadow over the stock market, with the Federal Reserve's hawkish tilt last week also weighing on risk sentiment. [US/]was down 0.8 basis points to 4.589%, easing away from the fresh 16 year peak of 4.688% it touched on Thursday.

The Japanese yen was at 149.33 per dollar, perilously close to the 150 level which is viewed as potentially spurring intervention from Japanese authorities.

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