- A measure of Asian stocks rose as Chinese shares recovered from a selloff caused by nationwide unrest over Covid curbs. The dollar fell against most major currencies as demand for safe-haven assets fell.
- Hong Kong's benchmark stock index rose more than 3%, while its mainland counterpart gained about 2%, as a heavy police presence in major cities deterred a repeat of the weekend's protests. Some investors speculated that the protests would hasten a shift away from Covid-zero policies, while others were encouraged by the lifting of a multi-year ban on share sales by builders.
- Stocks in Japan remained lower, while those in Australia gained slightly. After the S&P 500 pared its monthly gain during the Wall Street session, US futures rose slightly.
- Fed's Bullard stated that markets may be underestimating the likelihood of higher interest rates. His counterpart Fed's Williams, stated that policymakers still have work to do to reduce inflation. Fed's Brainard also said a string of supply shocks is keeping inflation risks elevated.
