- As investors weighed the prospect of central banks tightening policy more than previously expected to tame inflation, a gauge of Asian stocks fell alongside US and European equity futures.
- The MSCI Asia Pacific Index fell 0.3% in mixed trading, with Chinese and Japanese stocks swinging between gains and losses, while Australian shares fell more firmly. Contracts for the S&P 500 and the Nasdaq 100 extended their losses, indicating that US stocks are under further pressure following last week's declines.
- The moves in China's CSI 300 benchmark came after it posted its best one-day gain since November on Monday, when Goldman Sachs strategists predicted that the country's equities could rise by a fifth this year from current levels.
-The dollar gained ground against its peers in the group of ten currency baskets. Treasury yields rose across tenors in Asia after trading was halted on Monday due to a US holiday.
- New Zealand government bond benchmark two-year yields rose on Tuesday, while Australian yields edged slightly higher. Economists predict that the New Zealand Reserve Bank will raise its policy rate by 50 basis points on Wednesday. The New Zealand dollar fell slightly as the country assessed the damage caused by a destructive cyclone.
