The Nikkei 225 in Japan traded 1.11% lower while the Topix index fell 0.96%. Australia’s S & P / ASX 200 fell 0.5%. MSCI Asia’s broader Asia-Pacific stock index traded 0.44% lower outside Japan. Markets in the US are closed on Monday due to a holiday. The S&P 500 last week had its worst week since 2020 as investors faced the prospect of a possible recession as major central banks, such as the US Federal Reserve, raise interest rates to fight inflation.
Coins and oil
The US dollar index, which tracks the dollar against a basket of peers, was at 104,661 after a recent recovery from levels below 104. The Japanese yen traded at 135 yen per dollar, weaker compared to levels below 132 against the dollar last week. The Australian dollar changed hands at $ 0.6932 after falling more than $ 0.70 late last week. Oil prices were lower in the morning trading hours in Asia, with international Brent crude futures falling 0.17% to $ 112.93 a barrel. US crude futures fell 0.11% to $ 109.44 a barrel.
