Emerging-market assets declined and the dollar strengthened versus most peers after comments from central bankers highlighted the divergence between monetary policy in the U.S. and other parts of the world. European shares were little changed.
The MSCI Emerging Markets Index fell 0.8 percent as of 8:16 a.m. London time, with about two stocks declining for every one that rose.
Japanese stocks surged to 1-1/2-week highs on Monday as the yen weakened after U.S. Federal Reserve Chair Janet Yellen signalled an interest rate hike remains on the cards this year, lifting insurers and exporters.
The Nikkei share average soared 2.3 percent to 16,737.49, the highest closing level since August 17.
China stocks closed steady on Monday, with gains in industrial shares offsetting falls in the banking sector as a slew of interim corporate results showed tentative signs of bottoming-out in struggling sectors such as coal and steel.
The blue-chip CSI300 index was unchanged at 3,307.78, while the Shanghai Composite Index was also flat, at 3,070.03 points.
Reference : Bloomberg, Reuters
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