Helping to mellow the mood was news that Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, easing a city-wide lockdown that began two months ago.
After ending Monday firmer, Nasdaq futures lost 1.4%, with traders blaming an earnings warning from Snap which saw shares in the Snapchat owner tumble 28%.
overnight in the u.s., rallies on the comments by the fed chief. he said the committee is not actively considering an eastbound bigger rate hike. but when you talk to analysts, they say there will be more pain in the pipeline. they say they are concerned that the pace of tightening will pull the u.s. economy into a recession. if we bring up the numbers once again, we have a picture here in asia of how the markets are trending upwards. i should add that the markets in south korea and japan are closed. but the asx, the shanghai composite, here in hong kong, the hang seng marginally higher. we ve also been monitoring u.s. futures. if we bring up that graphic for you, you ll get an idea of how u.s. markets will open, when they open, or how they ll perform when they hope just a few hours from now. as you can see, nasdaq futures down 0.4%. the dow down just over a tenth of 1%. inflation in the united states is at its highest level in 40
what are you seeing, christi? michael, stocks across the asia-pacific region are in the red. this, after russian president vladimir putin ordered troops to enter those breakaway pro-moscow regions in eastern ukraine. let s bring up the picture for you and it s portrait across the region in red and if you can hook at the hatest data, we will bring it up on the screen. we have been monitoring the nikkei in japan, as well as other markets. you see, the nikkei is down 1.8% here in hong kong, down 3.34%. seoul kospi down 1.7ers. shanghai composite down 1.4%. more tech-sector restrictions are also weighing on markets here across china. also today, from asia, we are closely monitoring u.s. futures and let s bring up that picture, as well. because we know monday was presidents day holiday in the united states. markets were closed by when they open, it is going to be a down day there. dow features down 1.3%. nasdaq futures down 3.25.