Asian equity benchmarks are trading lower in the early deals on Monday, following weak global cues and concerns about Greece's stalled negotiations with its international creditors. The Japanese market dipped on worries over the deadlock between Greece and its creditors as well as a caution ahead of the US Federal Reserve's monetary policy committee meeting.
Nikkei 225 declined 101.88 points or 0.50% to 20,305.20, Hang Seng decreased 371.34 points or 1.36% to 26,909.20, Shanghai Composite contracted 79.55 points or 1.54% to 5,086.80, Jakarta Composite slipped 53.64 points or 1.09% to 4,882.18, FTSE Bursa Malaysia KLCI dipped 3.22 points or 0.19% to 1,731.15, Taiwan Weighted dropped 38.69 points or 0.42% to 9,263.24, KOSPI Index crumbled 10.35 points or 0.50% to 2,041.82 and Straits Times was down by 33.51 points or 1.00% to 3,320.34.