- Asian stocks rose, while the dollar advanced on its appeal as a safe haven amid market uncertainty about China's covid-zero policy.

- Hong Kong equities advanced, quickly reversing initial declines, while benchmark indexes in Japan, South Korea, and Australia also rose. The mainland indexes were volatile.

- US and European futures pared losses, while oil and gold remained lower but above session lows.

 

- Given their sensitivity to the outlook for Chinese economic growth, the Australian and New Zealand dollars fell the most among the G10 currencies. The yuan offshore was weaker.