- Asian equities remained stable as investors considered corporate results, rising inflation, and concerns from China's real estate industry.
- Stocks in Japan fell, while those in China and Hong Kong fluctuated.
- Struggling developer China Evergrande Group plummeted after cancelling negotiations to sell its property-management business and reporting a drop in sales.
- US futures were choppy after a volatile Wall Street session that saw the S&P 500 near a new high while the tech-heavy Nasdaq 100 fell.
- Longer-term Treasury rates continued to rise in the aftermath of a weak 20-year auction. The 10-year breakeven rate, which is a proxy for where investors expect annual inflation rates to be over the next decade, reached its highest level since 2013.
- The dollar remained weak, crude oil rose, and bitcoin was trading around $65,300 after reaching an all-time high.
- Chinese coal futures have plummeted as authorities try to keep power prices under control.