CP ASIAN MARKET UPDATE

Asian shares began the new month with a cautious tone on Monday as uncertainty over how much longer the current US stimulus would continue prompted investors to book profits from recent highs and pulled global equities lower.

 

Speculation over whether and when the US Federal Reserve would start scaling back its current massive bond-buying programme emerged following a string of positive US data and was the catalyst for corrections across markets which had drawn strong support from the Fed's largesse.

Investors will be cautious ahead of more data this week from the United States as well as from China, both of which would offer clues to growth and demand prospects in the world's largest economies.

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