Japan stocks plunge 7%, extending last week's rout; other Asia-Pacific markets also fall

as investors awaited key trade data from China and Taiwan this week, as well as central bank decisions from Australia and India.

Japan's markets led losses in the region as the Nikkei 225 fell and Topix dropped as much as 7% in volatile trading. Heavyweight trading houses such asSign up for our free Olympics Headlines newsletter. Following the market sell-off, the yen also strengthened to its highest level against the dollar since January, and was last trading at 145.42.

On Monday, S&P Global will release service sector activity figures for countries around the region, including India and China.The Reserve Bank of Australia kicks off its two-day monetary policy meeting Monday. Economists polled by Reuters expect the central bank to hold rates steady at 4.35%, but markets will monitor the monetary policy statement for clarity on whether the RBA is still considering a rate hike.

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Asia-Pacific markets poised to fall; Japan stocks set to continue last week's routInvestors will look toward key trade data from China and Taiwan this week, as well as central bank decisions from Australia and India.
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