Stocks, Currency, Oil, Economic Data

A man looks at an electronic board with stock information on the Australian Securities Exchange, operated by ASX Ltd. on March 16, 2020 in Sydney, Australia.

Brendon Thorne | Getty Images

Australian shares fell more than 1% Monday morning on a quiet day in the region, with a few major markets closed.

The S&P/ASX 200 was down 1.47% in early trading.

Markets in Japan, South Korea, Taiwan and Malaysia will be closed on Monday for the holidays. Mainland China markets will resume trading after the Golden Week holiday.

Later this week, the Bank of Korea will hold its policy-making meeting, Singapore will release its third-quarter GDP estimate and China will release inflation data.

Taiwan Semiconductor Manufacturing Company and Japan’s Fast Retailing will report gains and the US will release inflation data for September.

On Friday, major stock indices in the US fell more than 2% after data showed the unemployment rate fell in September, fueling fears that the Federal Reserve would continue to raise interest rates aggressively.

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