- Asian equities gained, boosted by a surge in technology stocks and as investors assessed China's efforts to contain a Covid outbreak.
- An Asia-pacific stock index gained for the third straight session, boosted by Chinese technology firms. After a slump on Wall Street, US and European futures have recovered.
- Three days of zero community transmission have been reported in Shanghai, a milestone that could prompt regulators to begin unravelling a growth-sapping restriction.
- A bleak global economic outlook, accompanied by rising food and fuel prices and tightening monetary policy, continues to influence sentiment. Oil has risen to almost $114 per barrel, while an agricultural price index has reached a new high.
- Treasury yields increased, but the dollar index declined. The latest Stablecoin instability did not affect cryptocurrencies, with Bitcoin hovering around $30,000.
