Asian shares mostly fell on Monday as oil prices jumped 2% after President Trump rejected an Iranian proposal to reopen the Strait of Hormuz, keeping bonds under pressure. The Nikkei was flat, South Korea's Kospi slid 2.4%, and Chinese blue chips dropped 1.4%. Rising Treasury yields and a packed US economic calendar weighed on sentiment.
Asian Stocks Fall as Oil Rises, Bonds Retreat
Source: Reuters