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| Stronger yen sees stocks in Japan open lower | Stronger yen sees stocks in Japan open lower |
| (35 minutes later) | |
| Japan's benchmark Nikkei 225 was down more than 2% in early trade on Monday as a stronger yen hurt big exporters like Toyota. | |
| Investors were also wary ahead of central bank meetings later this week. | Investors were also wary ahead of central bank meetings later this week. |
| The US Federal Reserve and the Bank of Japan are both due to hold meetings, however, no big rate moves are expected. | The US Federal Reserve and the Bank of Japan are both due to hold meetings, however, no big rate moves are expected. |
| Toyota's shares were down by more than 1.8%, Honda's shares were 2.8% lower, while Nissan's fell by nearly 2.5%. | Toyota's shares were down by more than 1.8%, Honda's shares were 2.8% lower, while Nissan's fell by nearly 2.5%. |
| By mid-morning, the Nikkei 225 had fallen further into negative territory and was down close to 2.5% at 16,193.06 points. | |
| Meanwhile, South Korea's benchmark Kospi index was also in negative territory on Monday, down 1.45% at 1,988.33. | |
| In China, markets were following the regional downward trend. Hong Kong's Hang Seng index was down 2.15% to 20,586.71, while the Shanghai Composite was down 1.22% to 2,890.55. | |
| In Australia, stock markets are closed for the Queen's birthday long weekend. | In Australia, stock markets are closed for the Queen's birthday long weekend. |