Asian markets started the week on the backfoot today. — AFP pic
The losses follow a strong rally in global equities since late March, fuelled by central bank and fiscal stimulus and optimism as countries gradually lifted restrictions put in place to curb the spread of the novel coronavirus. Elsewhere, the dollar was little changed at ¥107.46 as investors avoided big moves before a Bank of Japan policy meeting ending tomorrow.
Also of interest is US May retail sales figures tomorrow, which are expected to bounce smartly after a slump in April.
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