Asian markets were mixed on Friday after recent oil price surges as US and Japanese bond yields hit multi-year highs with no clear end in sight to the Middle East war. In Hong Kong, the benchmark Hang Seng Index fell 251 points, or one percent, to end the day at 24,510 on turnover of HK$102.2 billion. The tech index was 49 points, or 1.1 percent, lower at 4,311 while the China Enterprises Index sank 100 points, or 1.2 percent, to 8,165. In Tokyo, the Nikkei rose for a fifth straight session to be up 850 points, or 1.3 percent, to 66,364, driven by gains in AI-related companies and as investors bought ahead of a Monday deadline ⁠to qualify for mid-term dividends. The broader Topix climbed 53 points, or 1.31 percent, to 4,128. A two-month extension of a trade truce between the United States and China left several issues unresolved, analysts said, shifting lingering risks into the future. Oil prices eased slightly, with Brent crude shedding 0.8 percent after spiking more than three percent on Thursday to extend previous gains. Global stocks had mostly fallen on Thursday, as the benchmark US 10-year Treasury yield rose to its highest level since 2007, and the 30-year yield reached its highest since 2004. Japan's 10-year yield also reached a fresh 30-year high on Friday. "Bond yields are bouncing around like a see-saw," Kathleen Brooks, research director at XTB, wrote in a note. "There is no clear direction for markets," she said, listing unknown factors such as "are we in a bond crisis or not"? and "Is the Iran war getting worse or is the situation improving"? "While these questions remain unanswered, volatility will continue to dominate, especially in the commodity and bond markets," Brooks said. (AFP & Reuters) Edited by Aaron Tam