Group 1 - Asian stock markets closed lower on Friday, with a potential for a more significant decline next Monday if U.S. stocks do not stabilize [2] - The recent U.S. "private non-farm" report surprised the market, and subsequent comments from the Federal Reserve exacerbated the situation, indicating a focus on inflation over employment concerns [2][3] - Cleveland Fed President Mester emphasized that inflation poses a greater risk than weak employment, while Chicago Fed President Goolsbee expressed unease about rate cuts due to a lack of inflation data during the government shutdown [2][3] Group 2 - The Federal Reserve appears to be "disconnecting" from the market, prioritizing its credibility and shifting its communication focus to "suppressing expectations" regarding interest rate cuts [3] - Recent comments from Fed officials signal that the market's premature bets on rate cuts have been excessive, and the Fed aims to correct this "market greed," even at the cost of a market downturn [3] - A report from Goldman Sachs highlighted optimism for 27 Asian stocks and 21 U.S. stocks, specifically naming two Chinese stocks as particularly favorable [4]

Core Viewpoint - The Bank of Korea's meeting minutes indicate a need for enhanced policy communication to prevent the market from having overly optimistic expectations regarding further interest rate cuts [1] Group 1 - A committee member emphasized the importance of strengthening policy communication [1] - The discussion reflects concerns about market perceptions and expectations related to interest rate adjustments [1]