GLOBAL MARKETS-Shares Slip in Asia as Metals Melt, Earnings Loom

GLOBAL MARKET - SYDNEY. Asian shares mostly followed Wall Street futures into the red on Monday as chaotic trading in precious metals made for a nervous start to a week that is packed with corporate earnings, central bank meetings and major economic data.

Silver lost another 5% at one stage, as Friday's 30% plunge squeezed leveraged positions in what had become a very crowded trade. Dealers also said pressure on the UBS SDIC silver futures fund in China added to the rout.