• Asian stocks were mostly set to open weaker after US equities pulled back from a rally that drove the S&P 500 to multiple records, spurring speculation the market has gone too far, too fast.
• Shares in Australia declined early Tuesday, with futures showing Hong Hong’s benchmark would start flat and Japan edging slightly higher. On Wall Street, the S&P 500 closed lower at the start of a week that will bring the Federal Reserve’s preferred inflation measure.
• Investors took a cautious stance on bets the personal consumption expenditures price index — due on Good Friday when markets will be closed — will show inflation probably remained uncomfortably high. On that same day, Jerome Powell is due to speak.