- Asian equities were neutral following another tumultuous Wall Street day, with traders on edge ahead of the Federal Reserve's policy decision, which is expected to imply a rate hike in March.
- After entering a slump, Japanese stocks fell, while China avoided a technical bear market with slight gains. Hong Kong's stock market has risen as a result of technology stocks.
- In Asia, US equity futures initially fell before rising. The S&P 500 recovered from an intraday loss of over 3% on Tuesday, but then fell again to settle at its lowest level since October, as the tech-heavy Nasdaq 100 underperformed. On encouraging projections, Microsoft rallied in extended trading.
- Ahead of the Fed, the benchmark 10-year bond yield was slightly altered, while a dollar gauge remained stable. The majority of the rally in crude oil was held, owing to the fear that a Russia-Ukraine conflict might interrupt supplies.
