- A stock market rally in Asia has been reversed, owing to increasingly dire warnings about the risk of an economic downturn.
- The MSCI Asia-Pacific share index fell 0.5%, with Japan, China, and Hong Kong leading the way. US futures fell as a brief surge in the S&P 500 and Nasdaq 100 on Tuesday faded.
- Treasuries, the dollar, and the yen – all traditional safe havens – rose slightly. The Federal Reserve's aggressive monetary tightening to combat inflation, as well as the associated risk of recession, continue to worry investors.
- Oil fell below $110 per barrel again. Bitcoin fell back toward $20,000, though conditions were calmer than in recent cryptocurrency turmoil.
