Hawks Continue To Swirl

Below gives key levels of markets in the second half of the Asia-Pac session:

• ASX 200 down 114.188 points at 7478.6
• Shanghai Comp. down 2.008 points at 3077.8
• JGB 10-Yr future down 4 ticks at 149.11, yield down 0.6bp at 0.245%
• Aussie 10-Yr future down 5 ticks at 96.82, yield up 4.9bp at 3.13%
• US 10-Yr future down 12.5 ticks at 118.625, yield up 2.02bp at 2.9297%
• WTI crude down $1.11 at $102.68, Gold up $1.1 at $1952.74
• USD/JPY down 36 pips at Y128.02
• POWELL HARDENS HAWKISH PIVOT TOWARD HALF-POINT FED RATE HIKES (BBG)
• LAGARDE SAYS ECB NEEDS TO WAIT ON DATA TO DETERMINE NEXT STEPS (BBG)
• CHINA URGES BIG INVESTORS TO BUY STOCKS AFTER MARKET TUMBLES (BBG)
• CHINA CENTRAL BANK READY TO PROVIDE MORE SUPPORT TO BUSINESS (BBG)
• BORIS JOHNSON TO ORDER FURTHER DELAY TO UK BORDER CHECKS ON EU IMPORTS (FT)
• BOC WON'T RULE OUT BIGGER HIKE AFTER LAST WEEK'S 50BPS (MNI)
• JAPAN, U.S. LIKELY DISCUSSED JOINT FX INTERVENTION IN BILATERAL TALKS (TBS)