INTERNATIONAL: The CSX Index is currently at 507.35 Points down 0.81 Points or 0.16%
The Daily Exchange Rate: is 4,062KHR to the USD$
Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about global growth.
Chinese blue chips (.CSI300) dropped 0.84%, and Hong Kong's Hang Seng (.HSI) suffered a 2.9% slide.
Japan's Nikkei (.N225) slumped 2.78%, and South Korea's Kospi (.KS11) declined 2.78%.
New Zealand's stock benchmark (.NZ50) was off 2.1%. Australian markets were closed for a holiday.
U.S. stock futures pointed to further losses at the reopen, with the S&P 500 indicating 1.54% lower, after Friday's 2.91% retreat.
The dollar hit 135 yen for the first time in two decades, buoyed by a rise in Treasury yields that continued into Tokyo trading, with the 10-year reaching a more than one-month peak of 3.201%, putting it just two-tenths of a basis point from the highest since November 2018.
The euro slid as low as $1.0479 for the first time since May 19.
Leading cryptocurrency bitcoin slumped to a one-month low of $25,975.
Meanwhile, crude oil dropped more than $2 on worries about global growth. Brent crude futures fell $2.06, or 1.7%, to $119.95 a barrel, while U.S. West Texas Intermediate crude was at $118.54 a barrel, down $2.13, or 1.8%.
Crypto firm Celsius pauses all transfers, withdrawals as markets tumble.
Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme market conditions", the company said on Monday, in the latest sign of pressure in the crypto industry.
Bitcoin extended earlier declines after Celsius's announcement, falling more than 6% to as low as $24,888, an 18-month low. Ether, the world's second-largest cryptocurrency, dropped more than 8% to $1,303, its lowest since March 2021.
The meltdown in TerraUSD, one of the world's largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another major stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows.
Cryptocurrencies have been swept up in a sell-off across higher risk assets, which have picked up steam this week as data showed U.S. inflation running hot, deepening investor fears about the economic impact of aggressive central bank tightening.
The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap.
Bitcoin, the largest cryptocurrency by market cap, hit a low of $25,401.05 on Thursday, its lowest level since Dec. 28, 2020, before recovering slightly later in the session to trade flat on the day by 1600 GMT.
In the past eight sessions it has lost more than a quarter of its value, or around $10,700, and is down 37% so far this year, trading far below the peak of $69,000 it hit in November 2021.
