US stocks fell tonight. As of press release, the NASDAQ fell 1.82%, and at one point it fell more than 2% during the intraday period:
Market source: Futu Securities
In terms of tech giants, Alibaba dropped the most, falling more than 4%, leading the tech giants.
According to the news, the minutes of the US Federal Reserve's FOMC meeting released last night sent a hawkish signal. Most members were inclined to support raising the benchmark interest rate above the neutral interest rate, believing that a 25 basis point increase in interest rates is appropriate. The committee reached broad consensus on the current path to gradually raise interest rates.
U.S. bond yields soared due to hawkish signals from the Federal Reserve, with US two-year Treasury yields rising to a ten-year high:
