GLOBAL MARKETS-World Shares Tick Lower as High Yields Test Lofty Valuations

GLOBAL MARKET - LONDON/SYDNEY. World shares drifted lower on Monday as elevated government bond yields prompted investors to pull out of equities at the end of a year that has been positive for many regional markets.

MSCI's broadest index of world shares dipped 0.1%, but is still 17% higher for the year.