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View of the central business district skyline at sunset in Beijing, China.
Sheng Peng | Visual China Group | Getty Images
Asia-Pacific markets are mostly lower ahead of a week of inflation readings from across the region and South Korea’s third-quarter gross domestic product numbers.
Singapore and Australia will release inflation figures for September on Monday and Wednesday respectively, while Japan will release Tokyo’s inflation numbers on Friday. Tokyo’s inflation is considered a leading indicator of nationwide figures.
In Australia, the S&P/ASX 200 fell 0.93% in Monday morning trading, extending losses from last week and on pace for a third straight session of losses.
Japan’s Nikkei 225 slipped 0.44%, while the Topix was down 0.12%. South Korea’s Kospi was trading just below the flatline, while the Kosdaq bucked the trend and gained 0.51%.
Hong Kong’s markets are closed for a holiday Monday.
On Friday in the U.S., all three major indexes retreated as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy.
Most notably, the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday.
The S&P 500 shed 1.26%, notching its first losing week in three, while the Nasdaq Composite dropped 1.53% The Dow Jones Industrial Average lost 0.86%.
— CNBC’s Pia Singh and Alex Harring contributed to this report.
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