SINGAPORE — Shares in Australia declined in Monday morning trade, with major markets in Asia closed for holidays.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.38% lower.
It’s set to be a relatively quiet trading day ahead regionally, with markets in mainland China, Japan and South Korea closed on Monday for holidays.
Over on Wall Street, stocks have struggled in the seasonally weak month of September, with the Dow Jones Industrial Average seeing three straight weeks of losses — its first in 2021.
Investor focus for the week will likely be on the U.S. Federal Reserve’s upcoming September meeting for clues on the central bank’s tapering of its easy monetary policy.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.234 after a recent jump from below 93.