Asian Shares Pause as Gold Shines Amid Rate Cut Hopes

Asian Markets Take a Breather

Asian shares took a pause on Monday following a strong performance in global equities last week, driven by hopes of a US economic recovery and potential interest rate cuts. Last week's rally saw the MSCI’s broadest index of Asia-Pacific shares outside Japan climb by 2.8%, and while it inched up another 0.2% on Monday, shares slipped 0.4% after a significant surge of nearly 9% last week.