- Following Friday's surge in US equities and bonds, Asian shares increased as investors added support to the notion that interest rates are almost at their high.
- A regional equities barometer is on track to reach its best close since September as it continued to rise for a fourth day. Following the announcement on Sunday that short selling will be prohibited in South Korea until the end of June, the country's stocks led the rise, with the Kospi rising as much as 4.4%.
- Prior to a scheduled meeting with a regulator, Chinese technology and real estate developers gained traction, and China's Vanke shares and dollar bonds also increased.
- As the Asian currencies caught up with the US dollar's slide on Friday, most of them gained ground against it. Rates on Treasury 10-year notes increased marginally following a nine basis point decline in the prior session. As a sign of changing rate expectations, the policy-sensitive two-year fell 15 basis points at the end of last week. In Asia, US equities futures saw minimal movement.
