Stocks and oil weakened on Monday as rare protests in major Chinese cities against the country's strict zero-COVID policy raised worries about management of the virus in the world's second-largest economy.
on Sunday night as protests over the country's stringent COVID restrictions flared for a third day.
The dollar extended gains against the offshore yuan , rising 0.74% and focus shifts to the open of China's markets later in the Asian morning. "A growing list of cities, including those with large populations, have imposed strong restrictions on movement because of a surge in infections, there will inevitably be a negative impact on economic activity from the restrictions on movement," CBA analysts said on Monday.
Yields on benchmark 10-year Treasury notes rose to 3.6905% from its U.S. close of 3.702% on Friday. The two-year yield , which tracks traders' expectations of Fed fund rates, touched 4.467% compared with a U.S. close of 4.479%.
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