- The Shanghai Composite falls 1.8% as the rally driven by an interest-rate cut on Sunday cools and amid expectations of more IPOs.
- "Investors seem to be selling some of their holdings to have cash for a new round of IPOs,” says broker Gerry Alfonso.
- Elsewhere, the Hang Seng is +1.7%, the Nikkei +0.8% and India's Sensex +0.5% following another record Nasdaq close over night and as foreign bond markets appear to be stabilizing. Still, a possible increase in U.S. interest rates continues to hang over markets.
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