As Monday dawned, Asian equity markets were met with resistance following a pause in the rally of US bonds and stocks last Friday. The halt was primarily driven by worries that the Federal Reserve may not be able to control inflation effectively. Australian equities futures barely budged while Hong Kong registered a drop of 0.7%. A similar trend was observed among Chinese stocks listed in the US which declined over 2%. Notably, Japanese markets remained closed due to a holiday. Meanwhile, contracts for S&P 500 and Nasdaq 100 saw marginal decreases as trading kicked off on Monday in Asia. These indexes had ... (full story)