Taiwan's main index, which had been shut on Thursday and Friday, tumbled nearly 10 per cent, leading policymakers to curb short selling.
Futures markets moved swiftly to price in almost five quarter-point cuts in US rates this year, pulling Treasury yields down sharply and hampering the dollar.
That dovish turn saw the dollar slip another 0.4 per cent on the safe-haven Japanese yen to 146.26 yen, while the euro held firm at $1.0961.The dollar shed 0.6 per cent on the Swiss franc, while the trade-exposed Australian dollar dropped a further 0.4 per cent.
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