• Asian stocks were poised to open Tuesday lower, following losses on Wall Street amid concerns that aggressive bets on the Federal Reserve unwinding monetary tightening may be over-optimistic.
• Futures in Japan, Hong Kong and Australia were trending down after the S&P 500 fell from the highest since March 2022. The Nasdaq 100 dropped 1% amid a rout in megacaps.
• US two-year yields rose nine basis points to 4.63%. The dollar gained. Bitcoin hovered near $42,000 as frenzied speculation in cryptocurrencies gathered pace.