Asian stocks are poised to drop Friday after a raft of Federal Reserve officials signaled they will combat inflation aggressively and the Nasdaq 100 fell to its lowest level since October.
U.S. equity futures edged higher, but Australian equities sank at Friday’s open. Futures in Japan, China and Hong Kong declined. American stocks fell Thursday, led by technology companies -- seen as most sensitive to higher rates -- along with crude oil, copper and Bitcoin. Treasuries rose after last week’s violent rout.
Chipmakers overnight erased gains that were driven by Taiwan Semiconductor Manufacturing Co.’s growth projections, while Boeing Co. rallied as Bloomberg News reported the 737 Max is set to resume commercial flights in China as soon as this month.
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