Asian shares edge down

On Monday, Asian shares edged down, while the evergreen buck held firm close to seven-month peak against six major currencies after comments from the US major bank drove long-dated US bond yields.

Outside Japan, MSCI's broadest index of Asia-Pacific stocks sank 0.7%, with Hong Kong's Hang Seng hitting 1-1/2-month minimums.

Japan's Nikkei managed to pare early profits to stand flat.

Though Japanese stocks had soared for the last few weeks, many traders are quiet cautious ahead of earnings, where downward revisions are probable.

American stock futures also sank 0.3%.

On Friday Janet Yellen told that the major US bank might require running a high-pressure economy to reverse damage from the global financial downtime that depressed output.

Her remarks weren’t addressing immediate policy worries directly and didn’t change a dominating view that the Fed is likely to increase rates in December.

Meanwhile, the euro dropped to 2 1/2-month minimum of $1.0964 early on Monday. 

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