Investing.com - Asian shares were mostly weaker on Monday with Sydney bucking the trend as a weaker dollar caused some caution in trading ahead of busy data week abroad with the Fed and regionally with China PMI figures.
Japan's Nikeki 225 fell 0.02%. Manufacturing company Fanuc rose 1.21% and Fast Retailing gained 0.73%.
In Greater China, the Shnaghai Composite dipped 0.54% and the Hang Seng index fell 0.04%. CNOOC added 0.63%, Sinopec rose 2.16% and China Mobile advanced 0.91%.
On Tuesday, the Federal Reserve meeting, the last under the leadership of Janet Yellen before she hands the chairmanship over to Jerome Powell, will be in focus as well as Friday’s U.S. jobs report for January and Wednesday’s euro zone inflation data.
Last week, the Dow Jones industrial average rose 223.92 points and hit intraday and closing records. The 30-stock index finished the session at 26,616.71. The S&P 500 gained 1.2% to 2,872.87. The Nasdaq composite advanced 1.3% to close at 7,505.77 and notched record highs.