Crude oil tumbled and commodity-linked currencies weakened after talks between OPEC members and other producers ended in Doha without any agreement on limiting supplies.
Asian stocks retreated from a four-month high, while demand for haven assets boosted the yen and Treasuries.
The currencies of Canada, Australia and Malaysia all dropped more than 1 percent versus the greenback and Japan’s yen climbed to a one-week high.
The MSCI Asia Pacific Index fell for the first time in nine days.
Morgan Stanley, International Business Machines Corp. and Netflix Inc. are among companies reporting earnings on Monday.
International Monetary Fund Managing Director Christine Lagarde said over the weekend that declines in commodity prices are likely to be long lasting.
Japan’s Topix index sank 3.5 percent, while Australia’s benchmark lost 0.7 percent. Futures on the Standard & Poor’s 500 Index dropped 0.6 percent, while contracts on the U.K.’s FTSE 100 Index were down 0.9 percent.
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