• Asia shares are set to fall after heavy selling on Wall Street late last week as investors ratcheted up forecasts for US interest rates following hot inflation data.
• Equities fell in Australia and futures contracts for benchmarks in Japan and Hong Kong dropped after the S&P 500 and Nasdaq 100 declined more than 1% Friday, dragging the two US indexes each to their worst week since December. The Nasdaq Golden Dragon index of Chinese companies fell 3.9% Friday in another sign of likely selling pressure in Asia Monday.