- Most Asian stocks fell amid fears that the recovery from the pandemic will be slowed by higher inflation, which forces tighter monetary policy.
- A gauge of the dollar ticked up.
- Shares fell in Japan and China, fluctuated in Hong Kong, and rose in South Korea, where Samsung Electronics Co.'s third-quarter profit surpassed expectations.
- US futures rose after the tech-heavy Nasdaq 100 set an intraday record and the S&P 500 fell but remained close to all-time highs.
- Ten-year and 30-year US treasuries pared gains. This week, sovereign-yield curves flattened, adding to signs of growth concerns as price pressures fueled by an energy shortage and supply-chain snarls push central banks to reduce accommodation.
- Australia's April 2024 security fell after the country's central bank decided not to defend the bond-yield target.
- Commodities including aluminum, iron ore and crude oil dropped.
- Officials in China intend to set a price cap on a key coal commodity. The risks posed by the country's property market slowdown and a crackdown on private enterprise are also under consideration.
