GLOBAL MARKETS-Asia stocks off highs, yields up on looming U.S. stimulus

[ASFN Admin]

Asian shares took a breather on Monday while Treasury yields were at 10-month highs as "trillions" in new U.S. fiscal stimulus plans were set to be unveiled this week, stoking a global reflation trade. Investors were keeping a wary eye on U.S. politics as pressure grew to impeach President Donald Trump, though signs were an actual trial could be some time away. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%, having surged 5% last week to record highs.

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