Asia-Pacific markets continued Friday’s sell-off as investors look toward key trade data from China and Taiwan this week, as well as central bank decisions from Australia and India.
Japan’s markets led losses in the region as the Nikkei 225 and Topix dropped 7% in volatile trading.
Monday’s decline follows Friday’s sell-off, when markets in the region tanked, led by Japan’s Nikkei 225 and Topix falling more than 5% and 6% respectively.
The broader Topix marked its worst day in eight years, while the Nikkei marked its worst day since March 2020.
Australia’s S&P/ASX 200 fell 2.3%.
The Reserve Bank of Australia kicks off its two-day monetary policy meeting Monday. Economists polled by Reuters expect the central bank to hold rates steady at 4.35%, but markets will monitor the monetary policy statement for clarity on whether the RBA is still considering a rate hike.
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