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Tech stocks stood out, as they had in the U.S. at the end of last week, after the calming of long-term Treasury yields since the start of this month boosted the outlook for borrowing-dependent growth shares.

In the past year, value stocks - commonly defined as those trading at a discount on metrics such as book value or price-to-earnings - held up better than tech and other growth shares, reversing trends that had been in place for much of the past decade.

Treasury yields pressured interest-rate-sensitive growth shares.

Global stocks rallied on Friday, led by technology and growth shares, and interest-rate sensitive two-year U.S.

U.S. stocks ended a choppy session slightly higher on Monday, helped by gains in Amazon.com and other mega-cap growth shares, while persistent worries over inflation and interest rates kept a lid on the market.