By Stella Qiu

SYDNEY (Reuters) – Asian shares were subdued on Friday as investors hunkered down for the all-important payrolls report, while Tesla suffered huge losses on the very public feud between President Donald Trump and billionaire Elon Musk.

A run of soft economic data this week has markets wary of a downside surprise in the monthly payrolls print due later in the day, which would add to fears of stagflation while piling pressure on the Federal Reserve to ease policy in a hurry.

Tesla shares bounced 0.8% in after-hours trading after tumbling a whopping 14% overnight to wipe off $150 billion in market value. That came after Trump threatened to cut off government contracts to Elon Musk’s companies as the once close relationship turned into a bitter public feud.

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