Heavyweight trading houses such as Mitsubishi, Mitsui and Co, Sumitomo and Marubeni all plunged more than 10%.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 and Topix dropped as much as 7% in volatile trading. Heavyweight trading houses such asAt these levels, both the Nikkei and Topix are nearing bear market territory, having fallen almost 20% from their all-time highs on July 11.On Monday, S&P Global will release service sector activity figures for countries around the region, including India and China.
Taiwan under pressure to bolster its defense as Trump-Harris presidential race stokes policy concerns 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.saw the smallest loss in Asia, inching down 0.22%, while mainland China's CSI 300 was marginally up, the only major index in positive territory.