- Most Asian equities fell as investors worried about the economic threats posed by the omicron variant, as well as central banks' efforts to contain rising inflation. Treasuries and the dollar both gained ground.
- The Asia-pacific share index of MSCI declined for a third session, with Chinese technology stocks underperforming. Concerns over China's property industry have also resurfaced, and the real-estate crisis is likely to have contributed to the country's economic slowdown in November.
- Equity contracts in the US and Europe rose somewhat. On Monday, the S&P 500 fell from a record high, while the technology-heavy Nasdaq 100 underperformed.
- Treasury yields fell in US hours due to a risk-aversion sentiment, driven by the 30-year bond.
- Traders are bracing expecting the Federal Reserve to unwind stimulus faster and signal an interest-rate hike in 2022, both of which might pose economic issues. The Fed's policy announcement on Wednesday is one of 20 central bank meetings this week that could cause market volatility.