- Asia's stocks fell after the US market fell for the fourth time in a row, as investors worried that rising interest rates and geopolitical risks would crimp global growth.
- Stocks fell in Japan, South Korea, and Taiwan, led by chipmakers, as trading resumed after the holidays following new restrictions on China's access to US technology. Hong Kong stocks continued to fall. Us futures dropped.
- A measure of dollar strength was near its peak this month, and the yen was trading near the level that prompted Japanese authorities to defend the currency in September.
- The 30-year treasury yield rose to its highest since 2014 as trading in US government bonds resumed after a holiday for Columbus Day. The 10-year yield increased by ten basis points to 3.98%.
- Investors scrutinised remarks from Federal Reserve officials for any indications of a shift in the central bank's hawkish stance. Fed's Brainard made a case for caution, noting that previous rate increases were still having an effect on the economy. Fed's Evans said he wants to get to a point where policymakers can feel comfortable pausing to reduce the risk of overshooting.
