AP News reports:
Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment.
Oil prices were higher and U.S. futures fell following sharp declines on Wall Street last week.
Benchmarks declined across the region. Jakarta’s benchmark fell 4%.
Market players were awaiting Chinese trade data for April for an indication on how severely restrictions to curb the spread of COVID-19 infections have hurt the economy.