Asian equity markets tracked Wall Street lower overnight as the week kicked off with a risk-off tone. The well-telegraphed series of 50-bps hikes leaves investors concerned that the Fed are chasing inflation and may fail to stimmy it. And with growth prospects continuing to falter then the odds of a global recession over the next 12-months is on the rise. China’s HSCE fell over -4% and the Hang Seng was off by around -3.8%. The ASX 200 fell -1.2% in line with our bearish bias outlined in the Asian open report, and the majority of major benchmarks across Asia were in the red. This also saw bitcoin futures fall to ... (full story)