- Most Asian stocks fell after strong US economic data lifted Wall Street stocks, treasury yields, and the dollar, fueling calls for tighter monetary policy.

- The asia-pacific stock index of MSCI has broken a four-day winning streak, with Japan down and China mixed.

- Futures in the US fluctuated after the S&P 500 extended its rally, buoyed by expanding retail sales and solid reports from companies such as Home Depot Inc. that bolstered confidence in the United States' economic recovery.

- Fed's Bullard called for more hawkish monetary policy, highlighting concerns that high inflation could derail growth. Markets are watching to see who Biden chooses as Fed Chair nominee from Fed's Brainard and Fed's Powell.

- Treasuries were down, with the 10-year yield exceeding 1.6%. Traders are anticipating strong demand at a 20-year auction on Wednesday.

- The dollar was near its highest level in a year, while the yen was near its lowest level in more than four years against the greenback.