- As a result of the Fed's tightening monetary policy, Asian stocks dipped on Monday, while US share futures reversed their gains.
- The MSCI's gauge of Asia-Pacific shares fell to its lowest level since June 2020, owing to falls in Japan and Hong Kong, as well as uneven performance in China, where banks left their major lending rates unchanged.
- Contracts for the S&P 500 fell, while those for the Nasdaq 100 reversed a gain of more than 1%.
- Bitcoin fell once more, this time below the carefully watched $20,000 threshold. The pressure on a variety of assets from abrupt Fed interest-rate hikes to contain excessive inflation has become indicative of a turbulent crypto downturn.
- In comparison to significant peers, the dollar was mixed. Friday's drop in crude oil prices was over 7%. Treasury futures have gained, but there is no cash trade on Monday because Wall Street is closed for the holiday.
