- Stocks in Asia fluctuated after signs that China would relax its trade restrictions further, while treasuries flashed warning signs of a recession. The dollar strengthened as demand for safe havens increased.
- Equities in Japan, Australia, and South Korea fell, as did futures contracts for US and European benchmarks. Hong Kong stocks rose following media reports that mask-wearing requirements would be eliminated. Shares in mainland China have been volatile. the revaluation of the dollar.
- Following a small decline on Wednesday, the dollar resumed its gains. The offshore yuan remained below the 7 level against the US dollar as investors sought to balance China's relaxation of trade restrictions with a bleak outlook for the global economy.
- In Australia, bonds rose, with the 10-yr yield falling 3 bps to 3.33%. Treasury yields of the same maturity increased after falling sharply the previous session.
