- A measure of Asian stocks fell, led by falls in Hong Kong-listed technology shares, while US equity futures fell as traders digested more hawkish comments from Federal Reserve officials.

- The drop in Asian stocks clawed back some of the sharp gains in Chinese equities earlier this week, and it came after the S&P 500 closed near its lowest level in six weeks and the 10-year treasury yield pierced the closely watched 4% level.

- The swaps market is now pricing in a peak US policy rate of 5.5% in September, with some traders betting it will rise to 6%. This is affecting markets around the world, even as China's economy appears to be recovering strongly after exiting its covid-zero policy.

- Government bond yields in Australia and New Zealand rose across the 2-year to 10-year maturities, closely tracking treasuries. During Asian trading, the 10-year treasury remained just above 4%.