A post by @FirstSquawk on X.

Asian equities are set for a cautious open after Wall Street posted broad-based losses, with the dollar and bond yields rising on hawkish Federal Reserve comments and hotter-than-expected US inflation data. The combination of elevated price pressures and tough Fed rhetoric reinforced expectations that borrowing costs will stay higher for longer, weighing on risk appetite across global markets. Higher Treasury yields and a firmer dollar tighten financial conditions and tend to pressure equity valuations, particularly in rate-sensitive sectors. Investors will watch whether Asian benchmarks can hold key support levels and whether regional currencies come under further pressure from dollar strength. Attention now shifts to upcoming US inflation and labor data for confirmation of the rate path.