Asian stocks subdued, dollar hovers near nine-month high

Asian stocks were subdued early on Monday after Wall Street’s sluggish performance at the end of last week, while the dollar hovered near nine-month highs as fresh comments from a Federal Reserve official boosted bets of a rate hike by year-end.

MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent.

Japan’s Nikkei stood little changed, while South Korea’s Kospi gained 0.4 percent.

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