Hong Kong stocks face double threat: US inflation and a stronger yen

Asian Stocks to Fall as Oil Stokes Inflation Fears: Markets Wrap

Oil hit $97 on eighth rally as Asian stocks fell, S&P 500 down 0.5%, Treasury yields at 2023 highs. Fed rate hike probability at 62% pending Friday's CPI data; higher rates would pressure tech valuations and enterprise capex budgets.