Stocks in Asia were mixed overnight with the Nikkei (^N225) falling 1.4% on the day in Japan, while the Hang Seng (^HSI) was treading water in Hong Kong.
The Shanghai Composite (000001.SS) was 0.5% up by the end of the session following a cut to interest rates that took effect on Monday.
Indices outside of China, including in Australia and Korea, declined in cautious trading ahead of earnings reports both in the region and overseas, after Wall Street’s long, record-breaking rally ran out of steam.
Across the pond on Wall Street, the benchmark S&P 500 (^GSPC) declined 0.2% to 5,853.98. The Dow Jones (^DJI) finished 0.8% lower at 42,931.60, while the tech-heavy Nasdaq Composite index (^IXIC) advanced 0.3% to reach 18,540.01.
In the bond market, the yield on 10-year US Treasury notes rose to 4.206% from 4.086% late on Sunday.