Investing.com - Asian markets opened in the red on Monday, following a subdued weekly performance from US stocks.
By 10:50am AEST on Monday, the S&P/ASX 200 was down by 0.5%, while ASX 200 Futures lifted by 0.5%.
In the US, investors witnessed a significant depreciation with the Dow Jones Industrial Average down by 289 points while the S&P 500 and NASDAQ Composite declined more than 1% apiece.
Risk appetites soured after the preliminary Michigan consumer sentiment index fell to 67.7.
Among commodities, Brent crude oil saw a marginal 0.2% uptick, hitting US$94.14 per barrel, while gold traded flat at US$1,924.03.
On the bond markets, Australian 2 year government bonds held intermediary at 3.85%, the yield on 10 year bonds dwindled to 4.10%. US Treasury notes ticked higher with the 2 year yield at 5.03% and the 10 year at 4.33%.
The Australian dollar remained steady at 64.33 US cents. In comparison, The US Dollar Index was at 105.3.
Chinese shares finished Friday's session with a 0.7%decline, with losses were led mainly by software developers and consumer brands.
Meanwhile, the Hang Seng lifted by 1%, mainly backed by modest improvements shown in Chinese data and further ameliorations in policies from Beijing.
In Japan, the Nikkei 225 finished 1.1% higher as auto and electronic stocks led the rally, with Toyota Motor Corp (TYO:7203) and Panasonic Corp (TYO:6752) up by 2.7% and 4.4% respectively. Japanese markets will also remain closed on Monday for a public holiday.