Asian markets ended mostly lower on Monday as inflation and interest-rate worries lingered, and oil prices spiked on speculation over OPEC+ cutting production substantially this week. Hong Kong’s Hang Seng index ended lower on fears of tightening US monetary policy. Trading volumes were thin as Chinese markets kicked off the Golden Week holiday. South Korean market was also shut. However, Japanese stocks bucked the weak trend, with chip-related firms and energy companies leading the surge. Sentiment was buoyed by the Bank of Japan's tankan survey results showing that corporate capital expenditure plans for the current fiscal year remains strong.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | -- | -- | -- |
| Hang Seng | 17,079.51 | -143.32 | -0.83 |
| Jakarta Composite | 7,009.72 | -31.08 | -0.44 |
| KLSE Composite | 1,397.62 | 2.99 | 0.21 |
| Nikkei 225 | 26,215.79 | 278.58 | 1.07 |
| Straits Times | 3,107.09 | -23.15 | -0.74 |
| KOSPI Composite | -- | -- | -- |
| Taiwan Weighted | 13,300.48 | -124.10 | -0.92 |
