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  • Negative yields signal concerns about deflationary risks and could add to the difficulty of the European Central Bank's bond-buying program, says Mitul Kotecha, head of FX Strategy, Asia Pacific at Barclays.

  • Eswar Prasad, senior professor of Trade Policy at Cornell University, says Beijing is trying to de-emphasize its growth target and send a strong signal that they remain committed to reforms.

  • Apart from profit-taking, the declines in Wall Street point to concerns over Friday's nonfarm payrolls, says JJ Kinahan, chief strategist at TD Ameritrade.