U.S. equity futures and Asian stocks declined Tuesday after volatility on Wall Street stoked by concerns over Federal Reserve policy tightening and geopolitical tension.
S&P 500 and Nasdaq 100 futures retreated about 1%, while an Asia-Pacific share gauge hit the lowest point since November 2020. U.S. stocks erased a 4% drop to close up Monday on high volumes in a wild turnaround from a selloff that rivaled any of the last two years.
The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.48% to 16,975.50 as of 7:45 a.m.
Treasuries were mixed, with the benchmark 10-year yield inching lower. Oil stabilized after getting swept up in the bout of risk aversion.
In cryptocurrencies, Bitcoin pared some of its gains from Monday.