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Japan's Nikkei falls over 4%, Australia stocks hit fresh all-time high as investors await China data

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Japan’s August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% rise, and up from a revised 2.7% rise in July.

Japan's Nikkei 225 tumbled over 4% on Monday and the yen weakened against the dollar as traders reacted to the results of the ruling Liberal Democratic Party election last Friday.

Former defense minister Shigeru Ishiba has triumphed in his fifth bid to become Japan's prime minister.

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