- On Tuesday, Asian stocks were mixed as investors weighed unexpectedly strong US services data and China's hastened exit from its Covid-zero policy.
- Equities fell in Australia, then recovered to rise in Japan, while mainland China and Hong Kong fluctuated. Following the S&P 500's third day of declines, US futures made minor gains.
- In Asian trading, treasury yields were little changed after surging on Monday as the services reading bolstered the case for the Federal Reserve to raise interest rates. The dollar has levelled off.
- Bond yields in Australia were mixed ahead of a central bank decision of a 25 bps hike. The Australian dollar rose, recouping some of its overnight losses. The yen fluctuated, but the offshore yuan remained below 7 per dollar.
