The falls in Europe meant global shares MSCI's benchmark All World index .MIWD00000PUS saw their biggest fall in three weeks.
Overnight, Asian shares had reversed earlier losses to end 0.12 percent higher on the back of gains in Hong Kong .HSI, China .CSI300.SSEC and to a lesser degree, Tokyo .N225, which hit a 15-year high as the dollar sent the yen JPY= to an eight-year low.
Hong Kong's Hang Seng index jumped 1.3 percent, to near a seven-year high, on expectations of more money inflows from mainland China following Beijing's moves to expedite cross-border investment. China's main bourses hit seven-year highs.
In the currency market, the dollar's move to a one-month high against its currency basket extended a rally triggered by Friday's comments from Yellen that she expected the economy to strengthen.
Her Vice Chair Stanley Fischer added in a speech in Israel on Monday that too much importance was being placed on the central bank's first rate hike, and it would take a few years to get rates back to more normal levels.
Investors await the latest batch of U.S. data later on Tuesday that could provide more clues on the strength of economic recovery, including durable goods for May and consumer confidence for April. ECONUS
The dollar index .DXY was last up 1.1 percent on the day at 97.084 and still on the rise.
That put pressure on commodity markets. Gold XAU=, copper CMCU3 and most metals dipped while Brent oil slipped to $65.02 a barrel and U.S. crude CLc1 lost 0.7 percent to leave it at $59.31. [O/R][MET/L]
Overnight, Asian shares had reversed earlier losses to end 0.12 percent higher on the back of gains in Hong Kong .HSI, China .CSI300.SSEC and to a lesser degree, Tokyo .N225, which hit a 15-year high as the dollar sent the yen JPY= to an eight-year low.
Hong Kong's Hang Seng index jumped 1.3 percent, to near a seven-year high, on expectations of more money inflows from mainland China following Beijing's moves to expedite cross-border investment. China's main bourses hit seven-year highs.
In the currency market, the dollar's move to a one-month high against its currency basket extended a rally triggered by Friday's comments from Yellen that she expected the economy to strengthen.
Her Vice Chair Stanley Fischer added in a speech in Israel on Monday that too much importance was being placed on the central bank's first rate hike, and it would take a few years to get rates back to more normal levels.
Investors await the latest batch of U.S. data later on Tuesday that could provide more clues on the strength of economic recovery, including durable goods for May and consumer confidence for April. ECONUS
The dollar index .DXY was last up 1.1 percent on the day at 97.084 and still on the rise.
That put pressure on commodity markets. Gold XAU=, copper CMCU3 and most metals dipped while Brent oil slipped to $65.02 a barrel and U.S. crude CLc1 lost 0.7 percent to leave it at $59.31. [O/R][MET/L]
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