Asian stocks fell on Monday to extend recent losses, the dollar surged to new 20-year highs on rising yields, gold held at 2-1/2-year trough and oil extended last week's losses as recession fears gripped financial markets.
China's Shanghai Composite Index slumped 1.2 percent to 3,051.23 ahead of factory activity data due later in the week. Hong Kong's Hang Seng Index hit an 11-year low before recouping some losses to end the session 0.4 percent lower at 17,855.14.
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