White House National Economic Council Director HASSETT said "we are still digesting" the follow-on effects of Biden-era COVID spending.

Boeing (BA.N) hit an intraday low and is trading down more than 6%.

Hong Kong equities traded near session lows. Hang Seng Index closed down 0.48% at 24,523.57; Hang Seng Tech Index closed down 1.08% at 4,249.62. Turnover 184.63 bln HKD. Sector moves: autos, ports & shipping and virtual reality led declines; biotech, mainland property names and PCB-related stocks outperformed. Notable movers: Akeso (09926.HK) +15.5%, Vanke (02202.HK) +11.3%, Greentown China (03900.HK) ~+10%, SUNAC CHINA (01918.HK) +8.7%, Yangtze Optical Fibre & Cable (06869.HK) +>7%, Tianshu Zhixin (09903.HK) +>7%, SERES (09927.HK) +5.3%, Kingboard Group (00148.HK) +4.5%. Lagging: Geely Automobile (00175.HK) -7.4%, NIO-SW (09866.HK) ->5%, XPeng (09868.HK) -4.0%, MINIMAX-W (00100.HK) -3.5%. New listings mixed: Robotech (03757.HK) -5.0%, Tongcheng New Materials (09607.HK) -9.1%, Jingwang Electronics (03228.HK) +10.3%, Benmo Technology (06731.HK) +7.4%.