Fed's MUSALEM said strong demand for capital could keep interest rates at higher-than-usual levels.

Bank of Mexico minutes: some members said assessing the impact of Federal Reserve rates on Mexico is crucial.

Hong Kong stocks opened lower and extended losses into midday; HSI was down 0.69% and the Hang Seng Tech Index down 1.93% at noon. Large-cap internet names underperformed: Baidu (09888.HK) -2.6%, Tencent (00700.HK) -1.0%, with Alibaba (09988.HK), NetEase-S (09999.HK) and Xiaomi Group (01810.HK) also weaker; JD.com (09618.HK) rose against the trend. PCB, chip/semiconductor and optical-communications sectors plunged; mobile-phone supply-chain, biotech and PV stocks were broadly lower. Coal and oil energy shares outperformed, while property developers and household-appliance stocks were generally higher.