(Bloomberg) -- Stocks in Asia are poised for a mixed open after US benchmarks struggled following Monday’s tech-led rally, while Bitcoin whipsawed in late trading on confusion sparked by social media posts.

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Equity futures pointed to gains for shares in Japan, while those in Hong Kong and Australia are set to decline. Commodity and financial shares led declines in the S&P 500 and the megacap space was mixed, with Nvidia Corp. up and Tesla Inc. down. Treasury 10-year yields held above 4%.

Bitcoin plunged after the US Securities and Exchange Commission said it hadn’t yet granted approval of spot-Bitcoin exchange traded funds, and that a conflicting post minutes earlier on the regulator’s official X account was untrue. The cryptocurrency soon pared the losses.

US benchmark oil rose 2.1% after plummeting 4.1% on Monday, with its prompt spread — a critical barometer for supply and demand — briefly flipping to a bullish structure known as backwardation for the first time since November. The dollar strengthened for the first time in three days, posting gains versus all G-10 peers apart from the Norwegian krone.

A growing mismatch between aggressive pricing for US interest rate cuts and resilient economic fundamentals reducing the need for such easing risks creating a “reverse Goldilocks” scenario for global markets, according to Max Kettner at HSBC Holdings Plc. He sees the Fed starting its easing cycle in June, later than market pricing indicating May or even March.

“Markets are starting to come to the expectation that rate cuts in the US may be some way off,” said Susan Kilsby, an economist at Australia & New Zealand Banking Group in Wellington. “Guidance from members of the Federal Reserve Monetary Committee tend to favor cuts in the second half of the year.”

Corporate Highlights:

• Juniper Networks Inc. jumped the most in nearly two decades on news that the company is in advanced talks to be sold to Hewlett Packard Enterprise Co.

• Air-safety officials probing last week’s fuselage blowout on a Boeing Co. 737 aircraft have turned their attention to four bolts they’ve been unable to locate and said they may widen their investigation beyond the Max 9 variant after multiple airlines found loose parts.

• Match Group Inc., the owner of Tinder and other dating platforms, rose after a Wall Street Journal report said that Elliott Investment Management has built a stake of about $1 billion in the company.

• Spanish blood plasma firm Grifols SA tumbled after short seller Gotham City Research LLC published a report criticizing its financial reporting.

• Microsoft Corp.’s $13 billion investment into OpenAI Inc. risks a full-blown investigation by European Union deals watchdogs, after a mutiny at the ChatGPT creator laid bare deep ties between the two companies.

• Netflix Inc. was cut to neutral at Citigroup Inc., which cited “lofty” expectations and a series of upcoming risks.

• CrowdStrike Holdings Inc. was upgraded at Morgan Stanley, which sees a better demand outlook for the software firm’s services.

Key events this week:

• US wholesale inventories, Wednesday

• The World Economic Forum’s global risks report is released, Wednesday

• New York Fed President John Williams speaks, Wednesday

• US CPI, initial jobless claims, Thursday

• China CPI, PPI, trade, Friday

• UK industrial production, Friday

• US PPI, Friday

• Some of the biggest US banks report fourth-quarter results, Friday

• Minneapolis Fed President Neel Kashkari speaks, Friday

• ECB chief economist Philip Lane speaks, Friday

Some of the main moves in markets:

Stocks

• Hang Seng futures fell 0.4% as of 7:24 a.m. Tokyo time

• Nikkei 225 futures rose 0.4%

• S&P/ASX 200 futures fell 0.2%

• The S&P 500 fell 0.1%

• The Nasdaq 100 rose 0.2%

Currencies

• The Bloomberg Dollar Spot Index rose 0.3%

Cryptocurrencies

• Bitcoin rose 0.5% to $45,627.76

• Ether rose 0.9% to $2,338.8

Bonds

• The yield on 10-year Treasuries declined two basis points to 4.01%

• Australia’s 10-year yield was little changed at 4.10%

Commodities

• Spot gold rose 0.1% to $2,030.20 an ounce

This story was produced with the assistance of Bloomberg Automation.

--With assistance from Rita Nazareth and Matthew Burgess.

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