Asian Stocks Surge, Treasuries Drop After Strong US Jobs Data

• Asian equities advanced for a fifth day, extending their lead over US peers due to cheap valuations and firmer growth.
• Treasuries extended losses with the 10-year bond yield rising to 4.18% as strong US jobs data pared rate cut bets.
• US added 130,000 roles in January, double the forecast, pushing Fed rate cut expectations to July from June.
• The US economy's strength counterbalances lower borrowing costs, supporting risk sentiment despite AI concerns.
• Oil rose on Middle East tensions, nickel gained after Indonesia signaled output cuts, while gold, silver, and Bitcoin declined.