US stocks fell amid signs the rally from April's meltdown is stretched while Treasury yields ticked up and the dollar notched a 10-week high. Silver topped $50 for the first time since the Hunt Brothers' 1980 squeeze, though it slipped back under that round figure. Gold slumped and oil sank amid cooling tensions in the Middle East.

?Stocks in Asia drop amid concerns around tech valuations. Hong Kong tech shares slide, along with Japanese equities. The dollar is set for a weekly gain, with traders adding options bets that the rebound will extend into year-end.

IPOs in India could raise as much as $20 billion over the next 12 months, helping the country to cement its position as one of the world's busiest listings markets, according to Citigroup.

Japan's new ruling party chief Sanae Takaichi pushed back against the view she favors further weakness in the yen. That follows a slump in the currency after her leadership win at the weekend.

The US Treasury intervened directly in Argentina's currency market, spurring a rebound in the peso and sending the Latin American country's dollar bonds soaring. Secretary Scott Bessent announced the US has agreed to extend major assistance to the country.