Selection of stocks and investment trends by CNBC Pro:
The Hong Kong Hang Seng index fell 0.43%. Shares of Alibaba in Hong Kong fell more than 2%, although Reuters reported on Friday that the Central Bank of China has accepted the application of the Alibaba Ant Group subsidiary to establish a financial holding company, reviving hopes for a potential public listing of Ant.
The Nikkei 225 in Japan traded 1.11% lower, while the Topix index fell 0.96%.
The Australian S & P / ASX 200 fell 0.5%.
MSCI’s broadest index for Asia-Pacific stocks outside of Japan is trading 0.44% lower.
Markets in the United States are closed on Monday due to a holiday. The S&P 500 last week was the worst week of 2020 as investors battled the prospect of a potential recession ahead as major central banks such as the US Federal Reserve raised interest rates to fight inflation.
Currencies and oil
The US dollar index, which tracks greenbacks against a basket of its counterparts, was at 104,661 after a recent rebound from below 104.
The Japanese yen traded at 135 per dollar, lower than the levels below 132 against the greenback last week. The Australian dollar changed hands to $ 0.6932 after falling from over $ 0.70 late last week.
Oil prices were lower in the morning hours of Asian trade, with international benchmark Brent oil futures falling 0.17% to $ 112.93 a barrel. US crude futures fell 0.11% to $ 109.44 a barrel.
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