since March, and the MSCI Asia ex-Japan index's 2.3% fall was its biggest in six weeks.
The U.S. yield curve steepened by 20-30 basis points last week - the biggest steepening since March - and the steepening of the 2-year/30-year yield curve by 30 basis points was one of the biggest weekly moves in over a decade. Asia's corporate earnings season picks up this week, with Alibaba the standout in a trickle from China, and Sony and Softbank among a flood of big names from Japan.
On the economic front, the main focus will be Chinese trade, lending, producer price and consumer inflation data. Investors will be hoping for signs that deflationary pressures and weakness in import and export activity this year are finally abating.
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