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Japanese stocks led regional losses with the benchmark index falling 3% in choppy trade.
Taiwan's market was a rare bright spot, with the benchmark index rising 1.43percentt.
The country's stock market advanced, too, with the benchmark Bovespa index returning more than 80 percent.
Libor has been overseen by the BBA since 1980s, with the benchmark rate first calculated in 1986.
Oil was trading above that Monday, with the benchmark Brent crude at $53.50 a barrel in London.
Prices of Treasury securities fell, with the benchmark 10-year note dropping 27/32, to 99 6/32.
With the benchmark Nikkei 225 index hovering near a 16-year low, the holes are getting bigger.
The yield on Greek 10-year debt fell to 6.3 percent, narrowing the spread with the benchmark German Bund.
After months of sliding, oil prices jumped, with the benchmark Brent crude rebounding by 14%, to $100 a barrel.
The evaluators concluded that Pro-X "can improve facial wrinkle appearance comparably with the benchmark prescription treatment, with improved tolerability".
After the budget was announced, India's stock markets fell, with the benchmark Nifty Index closing down 1.2 percent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com