S&P 500 futures are about 0.1% lower in Hong Kong, Nasdaq-100 declines 0.4% in Nasdaq. Japan’s Nikkei 225 shed 0.9% in early trading, with Hang Seng closing 0.3% lower. Asia-Pacific region broadly retreats, with Australia’S&P/ASX 200 closing 2.3%. European markets also retreated, with the Stoxx 600 index losing about 1.3%, according to analysts. Investors are pulling back from stocks, including in markets in Asia and some Chinese shares, says HSBC’s Herald van der Linde. Sentiment has been rattled by a growing conviction that the Fed will have to raise interest rates several times this year to combat inflation. . . .
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