• Asian equities are set to track a drop in US stocks and Treasuries after traders reined in their bets on the scale of interest-rate cuts.
• Australia’s benchmark index opened lower after nearing a record high in its previous session. Stock futures for Hong Kong pointed to a decline, while the Nasdaq Golden Dragon China Index, a gauge of US-listed Chinese shares, fell 3.5% on Tuesday. Japanese markets remain closed for a holiday.
• The Nasdaq 100 dropped the most in more than two months as the tech sector giants dubbed the Magnificent Seven fell. The Bloomberg Dollar Spot Index jumped the most since March, while the yield on the 10-year Treasury rose. Cash Treasuries are closed during Asian hours due to the Japanese holiday.