- Most Asian markets fell, with technology shares falling as investors worried about rising interest rates. Treasuries incurred losses.
- Hong Kong's tech share index plummeted to its lowest level since May 2020. South Korea and China fell alongside US futures. Japan's stock market gained ground. As government yields rose for a second day, the Nasdaq 100 underperformed amid a selloff in technology stocks.
- Treasury yields climbed, boosting the likelihood that the Federal Reserve will hike rates at least three times beginning in May to counteract price pressures. Long-maturity yields have also risen as a result of a glut of new corporate bonds.
- The dollar remained mostly unchanged, while the yen fell to its lowest level since January 2017.
