Local Restrictions Deepen In China, N Korea Fires Another Missile

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

• Nikkei 225 down 259.2 points at 28219.36
• ASX 200 down 56.968 points at 7390.1
• Shanghai Comp. down 18.193 points at 3575.326
• JGB 10-Yr future down 21 ticks at 150.76, yield up 1.1bp at 0.151%
• Aussie 10-Yr future up 2.5 ticks at 98.075, yield down 2.5bp at 1.894%
• U.S. 10-Yr future +0-02+ at 128-07, yield unch. at 1.760%
• WTI crude up $0.55 at $78.78, Gold up $7.74 at $1809.42
• USD/JPY up 3 pips at Y115.23
• POWELL SAYS FED TO PREVENT ENTRENCHED HIGHER INFLATION (MNI)
• FED VICE CHAIRMAN RICHARD CLARIDA TO RESIGN (WSJ)
• CHINA SEEN KEEPING SPECIAL BOND QUOTA UNCHANGED FROM LAST YEAR (BBG)
• CHINA SEES UPTICK IN LOCALISED COVID RESTRICTIONS
• NORTH KOREA FIRES SECOND BALLISTIC MISSILE IN LESS THAN WEEK (BBG)