- Asia's stocks fell on Thursday after a selloff in U.S. technology stocks and treasuries accelerated after Federal Reserve minutes indicated that interest-rate hikes may be more aggressive than many had anticipated.
- An MSCI index of regional equities fell for the third day in a row, though declines were less severe than in New York. Futures in the US fluctuated after the Nasdaq100 fell the most since March as rising treasury yields exacerbated concerns about growth and profitability. The S&P500 fell as traders increased their bets that US interest rates will rise at least three times this year.
- The yield on the 10-year US Treasury note has reduced some of its gains. It had risen to 1.71%, the highest level since April.
Overnight swap markets moved to price in an 80% chance of a 25 basis-point hike at the Fed's March meeting. The dollar remains steady.
- In Hong Kong, a selloff in Chinese technology companies has subsided. Chinese companies listed in the US fell further after Tencent Holdings Ltd. cut its stake in an online gaming company, raising fears of similar action at other companies in the face of Beijing's regulatory crackdown on the sector.
