Citigroup cut BNY Mellon PT to $157 from $160.

China A-shares closed mixed: Shanghai Composite +0.39%, Shenzhen Composite +0.13%, ChiNext -0.94%. Turnover across Shanghai and Shenzhen was 1.44 trillion yuan, down more than 110 billion yuan from the previous session. Over 2,200 stocks advanced. Banks outperformed; Industrial and Commercial Bank of China and China Construction Bank closed at record highs. Humanoid-robot names rallied in the afternoon, Yushu Technology +16%+. Reducer stocks also lifted, with Dong'an Power and Zhaowei Electromechanical hitting daily limits. Property lagged, Rongfeng Holdings hit limit down. Dairy, grain, retail and education were among the biggest decliners; motors, defense equipment and household appliances led sector gains.

Indonesian equities plunged further, deepening the worst rout in nearly 30 years after MSCI warned Indonesia risks losing emerging‑market status, stoking concern about accelerated foreign outflows. The Jakarta Composite Index fell as much as 5% on Monday to its lowest level since 2020, extending its year‑to‑date decline to 43%. The Indonesia Stock Exchange said on Monday it would tighten individual‑stock daily limits from 15% to 7% through Dec 31 to contain volatility linked to the MSCI event.