Although some recovery is observed in US futures, the tension created by the US inflation is effective in global markets.

Wall Street indices ended the day with losses after the inflation in the USA was announced above expectations in April.

The S&P 500 fell 1.65% to test its lowest level since March 2021, with the Nasdaq 100 slipping 3.06%. The MSCI Asia Pacific Index is down more than 1%.

Hong Kong intervened for the first time since 2019 to support the currency, which has accelerated its depreciation after the US inflation data. The intervention came after the US dollar/Hong Kong dollar rate reached 7.85.

Hong Kong bought about 1.59 billion Hong Kong dollars to support the currency. The US 10-year Treasury yield fell below 2.90%. While the Bloomberg Dollar Index maintains the level of 1.255, there is a 1 percent decrease in oil prices.