Asian markets settled mostly down on Monday tracking Wall Street’s fall last Friday as recent economic data on inflation and retail sales coupled with comments from Fed officials including Chair Jerome Powell weakened the case for a December interest rate cut by the Federal Reserve. Moreover, renewed concerns over Donald Trump's potential tariffs and escalating tensions between Russia and Ukraine have also pressurized market sentiments. Japanese shares dropped as the Japanese yen initially regained some strength and after Bank of Japan chief Kazuo Ueda failed to offer strong hints on the timing of additional interest rate hikes. However, Hong Kong shares gained after Chinese securities regulator said it will expand the scope of stock eligible to trade via Stock Connect.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,323.85 | -6.88 | -0.21 |
| Hang Seng | 19,576.61 | 150.27 | 0.77 |
| Jakarta Composite | 7,134.28 | -26.98 | -0.38 |
| KLSE Composite | 1,604.04 | 11.60 | 0.73 |
| Nikkei 225 | 38,220.85 | -422.06 | -1.10 |
| Straits Times | 3,732.55 | -12.15 | -0.33 |
| KOSPI Composite | 2,469.07 | 52.21 | 2.11 |
| Taiwan Weighted | 22,546.54 | -196.23 | -0.87 |
