MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent, staying near four-month lows. Japan's Nikkei rose 0.3 percent as the yen continued to slip against the dollar.
Asian shares were on the defensive on Monday, undermined by fears that the strength in the US dollar and rising US bond yields since Donald Trump's election to president could accelerate fund outflows from emerging markets.
Trump's unexpected election victory has led to a major repricing of assets, with investors rushing to buy US stocks and the dollar, while dumping bonds and emerging market assets.
