* Asian stock markets: https://tmsnrt.rs/2zpUAr4

* European futures up, S&P 500 futures flat

* Dollar hits new fresh 24-yr high against yen

* U.S. yields dipped, oil prices recovered losses

* Markets await U.S. non-farm payrolls report

By Stella Qiu

SYDNEY, Sept 2 (Reuters) - Asian shares struggled for direction on Friday and the dollar stood tall ahead of a key U.S. jobs report as investors braced for more aggressive rate hikes from the Federal Reserve, while fresh lockdowns in China fuelled concerns about global growth.

However, things look brighter in European markets, with the pan-region Euro Stoxx 50 futures last up 1.2%, German DAX futures rising 1.3% and FTSE futures 0.75% higher.

All eyes are now set on U.S. August nonfarm payroll data due on Friday.

Analysts expect 300,000 jobs were added last month, while unemployment hovered at 3.5%. Investors may not like a strong number if it supports a continuation of aggressive rate hikes from the Fed, which could further boost the U.S. dollar and spur a sell-off in bonds.

Futures markets have priced in as much as a 75% chance the Fed will hike by 75 basis points at its September policy meeting, compared with a 69% probability a day earlier.

On Friday, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5%, heading for its worst weekly performance since mid-June with a tumble of 3.6%, as rising expectations of hawkish global rate hikes hit risky assets.

Japan's Nikkei dipped 0.1%, Chinese bluechips dropped 0.5%, Hong Kong's Hang Seng index fell 1.0% and South Korea remained largely unchanged.

"Markets broadly continue to absorb that central banks' 'whatever it takes' to lower inflation message means much slower global economic growth," said Tobin Gorey, agriculture strategy director at the Commonwealth Bank in a note. "And China's weakening economy is an amplifying special factor in that scenario."

On Thursday, the southwestern Chinese metropolis of Chengdu announced a lockdown of its 21.2 million residents, while the technology hub of Shenzhen also rolled out new social distancing rules as more Chinese cities tried to battle recurring COVID-19 outbreaks.

Analysts at Nomura said what is becoming more concerning is that COVID-19 hotspots in China are shifting away from remote regions and cities to provinces that matter much more to China's national economy.

"We maintain the view that China will keep its zero-COVID policy until March 2023, when the (leadership) reshuffle is fully completed, but we now expect a slower pace of easing of the zero-COVID policy after March 2023," Nomura said.