Shares dropped in Hong Kong, Australia and South Korea, along with US stock futures. Trading may be muted by a holiday in Japan and the UK observing a day of mourning for Queen Elizabeth II, with no trading in cash Treasuries during the Asian and European sessions.
“We need to wait until the Fed hike, and then need to understand the dot plot,” Wendy Liu, chief Asia and China equity strategist at JPMorgan Chase & Co said on Bloomberg TV. Oil climbed towards $86 per barrel as the Chinese city of Chengdu ended a two-week lockdown, boosting the outlook for demand. The offshore yuan extended its decline against the dollar even after the People’s Bank of China set a reference rate with aCryptocurrencies were also
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