- Strength in Hong Kong-listed technology stocks aided Asian share performance on Tuesday, boosting sentiment after US stocks fell amid fears that the Federal Reserve would push the US into recession.
- A regional equity index rose, putting it on track for its first gain in seven days. Japan and South Korea's benchmarks remained lower. US equity futures edged higher, shaking off Monday's weakness, which saw the Nasdaq 100 fall 1.4% after its worst week since March.
- The Australian dollar, which is sensitive to China's growth prospects, gained 0.5% against the US dollar, leading gains among Group-of-10 currencies. US government bonds held steady on Tuesday as bets on the Federal Reserve cutting interest rates this year faded.
- The yen has remained stable at around 143.40 per dollar, causing concern among Tokyo officials. The offshore yuan rose slightly after China set the managed currency's daily reference rate at a higher-than-expected level for the second day in a row.
