Globally, Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant. Brent crude fell 16 cents, or 0.2%, to $83.20 a barrel.Crude prices are set to fall between 2%-3% for the week, a second consecutive week of decline.Core inflation in Japan's capital slowed in August for the second straight month but remained well above the central bank's 2% target, data showed on Friday, keeping policymakers under pressure to phase out decades of massive monetary stimulus.The BOJ has said it is focusing more on trend inflation that strips away one-off factors, such as government subsidies to curb rises in gasoline and utility bills, deciding policy.China's central bank has asked some domestic banks to scale back their outward investments through the Bond Connect scheme, two sources with direct knowledge of the matter said, adding to several recent measures aimed at propping up the Chinese yuan.Most Asian stocks fell sharply on Friday, with technology shares seeing a sharp reversal as markets turned broadly risk-averse ahead of more cues on monetary policy from the Jackson Hole Symposium. Regional stocks also took a weak lead-in from Wall Street, as U.S. indexes tumbled overnight amid pressure from high yields and as data showed that the jobs market remained strong, positing a hawkish outlook for interest rates. The three major U.S. stock indexes ended down more than 1% each on Thursday, led by a drop in the Nasdaq after this week's sharp gains.Gold prices rose to a two-week high on Thursday.Spot gold rose 0.3% to $1,920.67 an ounce.The Indian rupee is expected to decline on Friday, halting a three-day winning streak, after the dollar index reached a two-month high on weak risk appetite and ahead of Federal Reserve Chair Jerome Powell's speech.
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