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Asian shares were mostly lower on Monday, extending global stock losses after Wall Street's big sell-off on deepening investor anxiety over rising bond yields and disappointing quarterly earnings.

At a real estate summit meeting held by China Times and Sina in Beijing, some industry insiders expressed positive feelings toward the market.

Asian Pacific Islander communities have been in California for more than 150 years, since Chinese immigrants came to build the transcontinental railroad and Japanese and Filipino immigrants established farms and small businesses.

Aside from attracting foreign capital, China also started a series of changes to the rules regarding permanent residence for foreigners in April. The reform plan serves the country's talent development strategy, which is to attract more innovative and entrepreneurial talent.

At a hearing before the House Select Subcommittee on the Coronavirus Crisis, the two former Fed chiefs warned that the United States could face deep, permanent economic damage without further relief packages.