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A tornado spawned by a supercell thunderstorm has damaged buildings at Brisbane's airport, and the wild Queensland's weather isn't over yet.

The tornado touched down near the airport for about two minutes, ripping off roof panels and sending cargo pods tumbling across the tarmac.

The wild weather caused water leaks at the domestic terminal, but most of the damage was around the international terminal.

"Some roofing panels and awnings and flashings have come off the terminal and some of the surrounds," a Brisbane Airport Corporation spokesperson said.

"On the walkway between the terminal and the air train, some of the roofing has popped out."

The supercell storm grounded planes and prevented landings for about an hour from 10am. Some services were delayed by up to two hours but things have now returned to normal.

Ten centimetres of rain fell in just one hour at Luggage Point, not far from the airport, the Bureau of Meteorology said.

"A tornado from a supercell thunderstorm touched down near Brisbane airport about 10am ... radar evidence was supportive of heavy rain, large hail, and a tornado," it said.

More storms are forecast for parts of Queensland on Friday.

In the southeast, a severe storm warning is current for Noosa and parts of Somerset, Scenic Rim, Gold Coast, Sunshine Coast and Moreton Bay council areas.

Damaging winds, large hailstones and heavy rainfall that could cause flash flooding are likely.

Severe storms are also likely to produce damaging winds and large hailstones in parts of the Central Highlands and Coalfields, Capricornia, Wide Bay-Burnett and Maranoa-Warrego districts.

© AAP 2021

Tech stocks have climbed in Asia, following US peers higher, while Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group.

Meanwhile, cyclical stocks dragged on Friday amid worries that central bankers will need to tighten monetary policy into slowing growth in order to tackle persistent inflation.

Regional bond yields rose with those on US Treasuries, where the market priced in higher inflation by narrowing the spread between short- and long-term yields, and pushing break-even rates to the highest since 2012.

The US dollar held gains from overnight - when it rose the most since the start of last week against major peers - as better jobs and housing data boosted the case for a faster tapering of Federal Reserve stimulus and earlier interest rate hikes.

Japan's Nikkei rose 0.7 per cent led by technology shares, while energy shares were the biggest drag. The broader Topix added 0.3 per cent, with a 0.6 per cent jump in the Topix growth index handily outpacing a 0.1 per cent advance for the value index.

Chinese blue chips gained 0.3 per cent, with the CSI300 Real Estate Index rising 2.5 per cent. Hong Kong's Hang Seng rose 0.4 per cent, as an index tracking Hong Kong-listed mainland developers rallied 4.3 per cent.

Australia's benchmark index slipped 0.2 per cent as commodity-linked shares fell.

China Evergrande Group wired funds to a trustee account on Thursday for a dollar bond interest payment due on September 23, a source told Reuters on Friday, days before a deadline that would have plunged the embattled developer into formal default. The stock jumped 5.4 per cent.

MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1 per cent.

Meanwhile, S&P 500 E-minis futures slipped 0.1 per cent after the cash index posted a record closing high overnight, led by surging tech shares.

The S&P 500 added 0.3 per cent, while the Nasdaq Composite rallied 0.6 per cent, although the Dow Jones Industrial Average edged slightly lower.

Next week, almost all the so-called FAANG giants report earnings: Facebook, Apple, Amazon, and Google-owner Alphabet. Netflix posted its results on October19, and for the quarter that ended in September, diluted earnings-per-share came in at $US3.19, beating analyst expectations of $US2.57.

Oil prices resumed their climb on Friday, after dropping back from multi-year highs reached earlier in the week, amid continued tightness in US supply.

Brent crude added 0.2 per cent to $US84.77, while US West Texas Intermediate crude rose 0.2 per cent to $US82.65.

The number of Americans filing new claims for unemployment benefits dropped last week to a 19-month low, data showed overnight, pointing to a tighter labor market.

Yields on benchmark 10-year Treasury notes were at 1.6922 per cent, holding close to a five-month high of 1.7050 per cent reached overnight. Two-year yields at 0.4484 per cent were also close to the overnight high of 0.4560 per cent, a level not seen since March of last year.

The dollar index, which gauges the greenback against six major rivals, was largely flat at 93.730 on Friday, maintaining the previous session's 0.2 per cent gain.

The Fed has signalled it could start to taper stimulus as soon as next month, with rate hikes following late next year.

Fed Chair Jerome Powell speaks later on Friday in a panel discussion.

© RAW 2021

Gold Coast police officer Superintendent Michelle Stenner has stood trial twice and spent four years facing accusations of lying to Queensland's corruption watchdog.

But the 48-year-old was acquitted of perjury on Friday after a Brisbane District Court judge directed a jury to hand down a not guilty verdict.

Supt Stenner was charged in 2017 following an investigation into the appointment of Gold Coast Chief Superintendent Terry Borland's daughter Amy to a temporary administrative role at Broadbeach Police Station.

She pleaded not guilty to three counts of perjury at the start of her second trial on Monday.

The prosecution claimed Chief Supt Borland - the number two officer on the Gold Coast - was on leave when he forwarded his daughter's resume directly to Supt Stenner, bypassing standard recruitment channels.

The trial heard Ms Borland needed a job to return from the Northern Territory.

Supt Stenner passed Ms Borland's details to the Broadbeach officer in charge, saying "she had found a person to fill the vacancy at the station".

Key errors in the application were discovered and Supt Stenner was initially charged with misconduct in public office, but that charge was dismissed after the prosecution offered no evidence at a committal hearing in 2018.

Instead Supt Stenner was accused of lying to the state's corruption watchdog during the hearing, with the prosecution claiming she gave false evidence about speaking to three witnesses, including Chief Supt Borland, who were due to be questioned over the employment process.

Supt Stenner's phone calls were intercepted and recorded, with audio being played during the trials.

After four days of hearing the prosecution case Judge David Kent on Friday directed the jury to return a verdict of not guilty after finding none of the three counts could be proven.

Judge Kent said he was asked after the Crown closed its case to decide whether any untruths in Supt Stenner's testimony to the Crime and Corruption Commission, if there were any, were material or important.

"I have concluded that there is no evidence on which you could find beyond reasonable doubt that the relevant statements were material," he added.

Supt Stenner faced her first trial earlier this year, but that jury was discharged in June after one member consulted outside sources during deliberations.

The presiding judge in that trial Judge David Reid was scathing of the behaviour of the single jury member saying someone had deliberately disobeyed clear directions by using "extraneous sources".

"The one juror, and I have no idea who it is, who disobeyed this direction should leave this court with a sense of shame and with a heavy heart," he said.

Supt Stenner also lost a civil case in 2019 to have charges against her dropped.

She was ordered to pay the CCC's and Queensland government's legal costs after failing in that bid.

Supt Stenner was "very much looking forward to returning to work", Queensland Police Commissioned Officers' Union president Daniel Bragg told reporters outside court on Friday.

"It's been four very long years for Michelle and her family," he added.

"They're very, very pleased with this outcome."

© AAP 2021