Asian stocks saw modest gains on Friday, boosted by weak U.S. labor data hinting at a Fed rate cut. Trump signed a U.S.-Japan trade deal, but concerns about tariffs lingered. Chinese shares rebounded after a five-month low, with Shanghai Composite up 1.24%. Japan’s Nikkei surged 1.03% on the news of a tariff cut on auto imports and increased household spending. Australian and New Zealand stocks also closed higher. The dollar weakened, gold held steady, and oil faced supply concerns. U.S. stocks recovered, with Nasdaq up 1% and S&P 500 hitting record highs amid hopes for a Fed rate cut.

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