- As fears of an economic downturn persisted in financial markets, Asian stocks fell, leaving the dollar at its highest level in more than two years.
- Asian stocks have been hit by falls in Japan, China, and Hong Kong. US futures trembled following a volatile Wall Street session that saw equities close up but with little confidence that global shares will be able to escape the clutches of a bear market anytime soon.
- Worries about a recession, combined with a monetary tightening campaign to combat high inflation, caused oil to fall below $100 per barrel on Tuesday. In Asian trading, it struggled to retake that level.
- Treasuries fell, leaving the US 10-year yield at just over 2.80%. A dollar index was firm, and the yen edged higher as markets remained cautious. Bitcoin experienced another downturn, falling below $20,000.
