In Asian Equity Markets China’s tech stocks fell after a volatile open on Tuesday, as traders weighed policy vows to rescue a slumping economy against the risk of fresh regulatory pressures on the sector. The Hang Seng Tech Index was down 0.9 percent as of mid-day trading break in Hong Kong, having fluctuated between losses of as much as 4.6 percent and a flat reading. South Korea’s KOSPI was up 0.44 percent. In Australia, the ASX 200 edged down 0.17 percent, with the Reserve Bank of Australia handing down its policy decision later in the day.

In Currency Markets the dollar was down on Tuesday morning in Asia, with the Fed widely expected to further tighten its monetary policy as it begins its two-day meeting. The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.29 percent to 103.23. Against the Japanese yen, the dollar inched down 0.05 percent to 130.07, with Japanese markets closed for a holiday. The Aussie dollar rose 0.99 percent to $0.7116. The kiwi inched up 0.09 percent to $0.6437. Sterling edged up 0.18 percent to $1.2513.

In US Equity Markets main indexes closed a seesaw session higher on Monday, as investors bought in to technology names in the last hour of trading amid bets they had been overly beaten down ahead of this week’s Federal Reserve meeting. The Dow rose 0.26 percent, to 33,061.5, the S&P 500 gained 0.57 percent, to 4,155.38 and the Nasdaq Composite added 1.63 percent, to 12,536.02. Pfizer Inc fell 1.5 percent after a large trial found its COVID-19 oral antiviral treatment Paxlovid was not effective at preventing coronavirus infections in people living with someone infected with the virus.

In Commodities Markets oil prices reversed course to settle in positive territory on Monday on a rally in the diesel market and fears that supply might be crimped by a potential European Union ban on Russian crude. Brent crude futures gained 0.4 percent, to settle at $107.58 a barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 48 cents to settle at $105.17 a barrel. Spot gold fell 1.6 percent to $1,865.31 per ounce. Spot silver fell 0.8 percent to $22.57 per ounce; it hit its lowest since Feb. 4 earlier in the session. Palladium slid 4.6 percent to $2,214.58, while platinum rose 0.3 percent to $934.05.

In European Equity Markets stocks suddenly fell on Monday before partly recovering in what brokers described as a “flash crash” or an erroneous trade on a day where a holiday thinned trading activity. The sudden move sent the pan-European STOXX 600 equity benchmark extending its fall by over 2 percentage points in a matter of around two minutes, although the closure of London for holiday reduced volumes. A gauge of euro zone stocks’ volatility also saw a sudden spike to hit its highest since mid-March, at 35.99.

In Bond Markets the U.S. benchmark 10-year Treasury yield on Monday hit 3 percent for the first time since December 2018, a psychological milestone that could have major implications for other financial markets. U.S. benchmark 10-year yields touched a peak of 3.01 percent on Monday, and were last up 10 basis points at 2.9905 percent. U.S. 30-year yields rose to 3.074 percent, the highest since March 2019. U.S. 10-year breakeven inflation fell to 2.91 percent on Monday, further retreating from 3.14 percent hit last week, the highest since at least September 2004, Refinitiv data showed.