An extended selloff in Chinese stocks pulled down Asian markets on Monday, while the yuan bounced on suspected intervention by Beijing hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.6 percent, and was on course to book a loss of about 2.6 percent for the month of November, after making its first gains in six months in October.
Japan's Nikkei .N225 dropped 0.7 percent, though it posted a monthly gain of 3.5 percent.
European shares are seen following suit, with spread betters expecting France's CAC 40.FCHI to fall as much as 0.3 percent, and tip 0.2 percent declines each in Germany's DAX .GDAX and Britain's FTSE .FTSE.
Mainland Chinese shares .SSEC were fragile, sliding 3.2 percent at one point, after posting their biggest one-day losses in more than three months on Friday.
Market sentiment remained shaky due to the resumption of IPOs, renewed efforts by the securities regulator to clamp down on leveraged buying and concerns about the cooling economy.
The yuan, expected to get the IMF nod as a reserve currency later on Monday, jumped in offshore trade on suspected intervention by Beijing.
The offshore yuan rose to 6.4345 to the dollar CNH= after hitting a 2-1/2-month low of 6.4591 earlier.
The yuan has been hampered by speculation among some analysts that Beijing may allow the yuan to depreciate soon after its admission and may feel less pressure to push through promised reforms.
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