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Asia markets fall as bank stocks retreat under pressure on Wall Street

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China will see a fresh batch of economic data on Wednesday, its July house prices.

— CNBC's Hakyung Kim and Samantha Subin contributed to this report.

Despite last week's selloff, the strong rally this year means U.S. markets are now trading at only a small discount compared with the start of the year, says top Morningstar strategist Dave Sekera." on Monday that he expects returns to be"much more muted" for the rest of the year. HSBC has identified 9 'unloved stocks' listed on the London Stock Exchange that could be poised to surge over several factors.

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