China Stocks Selloff Resumes, Bitcoin Whiplash: Macro Squawk

Greater China stocks struggled on Covid restrictions to curb an outbreak in a key manufacturing hub. Hang Seng index fall 1.9%; H shares down 2.1%; Shanghai Composite decline 0.5%. Bitcoin swung to more than 4% gain after earlier making a fresh low for the year at $15,574. S&P futures add about 0.2%, Nasdaq contracts 0.4% firmer ahead of the monthly US CPI data. The dollar is weaker against yen, euro, pound, while up versus Aussie and kiwi. Treasury 10-year yield is 1bp lower at 4.08%; Australian bond yields are lower across curve; JGB futures up modestly. WTI crude futures steady ...