Fed Governor WALLER said policymakers should discuss the Fed's reaction function if it is not sufficiently clear.

Hong Kong stocks opened lower and briefly rallied before reversing. The Hang Seng Index fell 0.42% to 23,517.7. The Hang Seng Tech Index closed down 0.28% at 4,528.55 after an intraday rise of over 2%. Internet and e-sports names outperformed while memory chips, nuclear power and nonferrous metals lagged. Movers: Nuobikan (02635.HK) +8%, Zhipu (02513.HK) +5%, Meituan (03690.HK) +4.3%, Tencent Holdings (00700.HK) +2.8%. Decliners: Lanqi Technology (06809.HK) -10.5%, Yangtze Optical Fibre & Cable (06869.HK) ~-10%, Kuaishou Technology (01024.HK) -9.5%, Kingboard Laminates (01888.HK) ~-9%, GigaDevice (03986.HK) -8.4%, China Life Insurance (02628.HK) -4.6%, Mengniu Dairy (02319.HK) and Nongfu Spring (09633.HK) down over 4%.

A Russian diplomat said the US has refused to voluntarily comply with the Strategic Arms Reduction Treaty and has chosen an arms race.