In Asian Equity Markets stocks fell on Wednesday after stronger-than-expected U.S. inflation readings ramped up fears of more hawkish moves from the Fed, with regional technology stocks bearing the brunt of losses. TSMC fell over 3 percent and was the biggest weight on the Taiwan Weighted index, which lost 1.6 percent. The Hong Kong’s Hang Seng index was down 1.3 percent, while South Korea’s KOSPI lost 1.2 percent. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes lost 0.3 percent and 0.4 percent, respectively. Japan’s Nikkei 225 index fell 0.5 percent, while Australia’s ASX 200 index lost 1 percent.

In Currency Markets the dollar found support in Asia on Wednesday after stubbornly high U.S. inflation suggested interest rates are going to remain high for longer than investors had expected. The U.S. dollar climbed to a six-week high of 133.30 yen on Tuesday and sat not far below that at 133.11 early in the Asian afternoon. Down 0.6 percent to $0.6300, the New Zealand dollar was setting to test support around $0.6270. The Australian dollar fell 0.7 percent to $0.6935. China’s yuan hit a one-month low at 6.8463 to the dollar. Sterling and the euro each fell about 0.2 percent.

In US Equity Markets stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve’s path forward on interest rate hikes. The S&P 500 declined 0.03 percent to end at 4,136.17 points. The Nasdaq gained 0.57 percent at 11,960.15 points, while Dow declined 0.46 percent to 34,089.40 points. Shares of Boeing Co rose 1.3 percent to their highest in over a year after Air India unveiled a deal to buy 220 of its passenger planes. Coca-Cola Co fell1.7 percent despite a strong full-year profit forecast.

In Commodities Markets oil prices settled 1 percent lower on Tuesday as traders worried about mounting supplies, and prices extended losses in post-settlement trading after sources said data from the American Petroleum Institute showed a large build in U.S. crude oil and distillate inventories. Brent futures for April delivery fell 1.2 percent, to $85.58 a barrel. U.S. WTI crude futures for March fell by 1.4 percent, to $79.06 a barrel. Spot gold was nearly flat at $1,852.94 per ounce. Palladium fell 4.2 percent to $1,500.18 per ounce. Spot silver fell 0.6 percent to $21.84, and platinum fell 2.3 percent to $931.61.

In European Equity Markets stocks ended modestly higher on Tuesday following upbeat corporate updates but pared most early gains as investors grappled with mixed U.S. inflation data that kept alive expectations of more Federal Reserve rate hikes. The continent-wide STOXX 600 index closed 0.1 percent higher, after touching a near one-year peak earlier in the session. Telecoms rose 1.5 percent, on Tuesday, spearheading gains among STOXX 600 sectors, with Vodafone adding 3.4 percent after Liberty Global bought a 5 percent stake in the British telecoms operator. London’s FTSE 100 rose 0.1 percent.

In Bond Markets U.S. Treasury yields rose on Tuesday after a report on consumer prices showed inflation accelerated in January, data that raised market expectations of tighter Federal Reserve monetary policy in the months ahead. Benchmark 10-year note yields hit 3.799 percent, their highest since Jan. 3, reflecting market expectations that the Fed keeps interest rates higher for longer. Two-year yields rose to 4.643 percent, their highest since early November.