- Asia's stocks fell after Wall Street saw its worst week for stocks and bonds this year, as speculators raised interest rate expectations ahead of critical US inflation data coming on Tuesday.

- The negative sentiment spread across major Asian indices, with a regional equities benchmark on track for its lowest closing in more than a month. US stock futures contracts fell. The S&P 500 down 1.1% last week, while the tech-heavy Nasdaq 100 fell 2.1%, marking the indexes' worst weekly performance this year.

- The losses were caused by a repricing of interest-rate expectations as investors recalculated how much US borrowing costs will climb this year. Rates are now expected to peak at 5.2% in July, up from less than 5% a month ago.

- Government bonds in Australia and New Zealand extended losses in early Asian trading on Friday, after a selloff in US government bonds that raised the 10-yr treasury yield by 7 bps.

- The yen fell after whipsawing on Friday following news that Kazuo Ueda will be chosen as the next governor of the BoJ. Initially, investors read the move as potentially hawkish. Those gains were pared after Ueda told reporters that the BoJ's stimulus should be maintained. On Tuesday, Japan's government will officially reveal the nomination of the new BoJ governor.

- Economists predict that US inflation statistics due out Tuesday will show annual consumer-price growth falling to 6.2%, the lowest rate since late 2021. The data will offer the federal open market committee with much-needed guidance in setting interest rates.