Asian markets settled mostly down on Monday as Joe Biden announced his withdrawal from the 2024 presidential race against Donald Trump and endorsed Vice President Kamala Harris as the new Democratic nominee, adding to uncertainties over the future of the world’s largest economy. Meanwhile, a surprise rate cut by China's central bank failed to give Asian markets a lift. Japanese shares declined sharply to hit a three-week low tracking Wall Street’s fall last Friday, while chip-related shares such as Shin-Etsu Chemical, Tokyo Electron and Advantest fell 2 to 4%. However, Hong Kong shares rebounded from three-month lows.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,964.22 | -18.09 | -0.61 |
| Hang Seng | 17,635.88 | 218.20 | 1.24 |
| Jakarta Composite | 7,321.98 | 27.48 | 0.38 |
| KLSE Composite | 1,622.07 | -14.48 | -0.88 |
| Nikkei 225 | 39,599.00 | -464.79 | -1.17 |
| Straits Times | 3,437.26 | -10.30 | -0.30 |
| KOSPI Composite | 2,763.51 | -31.95 | -1.16 |
| Taiwan Weighted | 22,256.99 | -612.27 | -2.75 |
