Chinese stocks declined on Friday as elevated oil prices and rising U.S. Treasury yields weakened risk appetite across Asian markets. The Shanghai Composite dropped 1.5% to 3,974, its lowest level in a month, while the Shenzhen Component fell 1.3% to 13,376, an over one-month low. Crude remained elevated after Trump said he did not expect the Iran war to end before the November midterm elections and that oil prices were unlikely to fall until then. Higher Treasury yields, which increase returns on U.S. government debt, also lifted the dollar after the U.S. Treasury Department’s first expanded buyback operation drew weaker-than-expected demand. Investors are now focused on Chinese data due next week, including house prices, fixed-asset investment, industrial output, retail sales and the unemployment rate. Zijin Mining Group, CMOC Group, CATL and NAURA Technology were among the biggest decliners, and both benchmarks were set for weekly losses.