Indian shares declined for a second straight session on Monday as state-run lenders fell further amid continued worries about the fallout from a $1.77 billion fraud reported by Punjab National Bank last week.
The European Central Bank stopped all payments by Latvian lender ABLV Bank on Monday as its liquidity position has deteriorated after accusations by United States authorities of breaching sanctions against North Korea, it said on Monday.
Somali traders boycotted business on Sunday to protest tax hikes imposed by the government. Stalls in Mogadishu's sprawling Bakara market; a lifeline for the city and surrounding areas, remained closed for the day.
Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East.