A Chinese flag is seen in the Lujiazui Financial District in Pudong, Shanghai, China, on September 18, 2023.
Raul Ariano | Bloomberg | Getty Images
Last week's sharp interest rate cut by the Federal Reserve pushed the market higher, and investors assessed the monetary policy decisions of Japan and China on Friday. Asia-Pacific markets opened lower on Monday.
Data on Friday showed China's youth unemployment rate rose for a second month in a row, hitting its highest point this year. National Bureau of StatisticsAs the economy weakens, the labor market cools.
The People's Bank of China unexpectedly kept its key benchmark interest rate unchanged on Friday despite growing calls for a rate cut.
The Reserve Bank of Australia begins a two-day policy meeting on Monday, with the central bank chief expected to decide the country's monetary policy path on Tuesday.
Singapore is about to release its consumer price index for August. According to a Reuters survey, core CPI is expected to increase by 2.6% year-on-year, compared with 2.5% in July. The overall CPI dropped to 2.15% year-on-year, from 2.40% last month
Japanese markets were closed on Monday for a public holiday.
Australia's S&P/ASX 200 index futures were at 8,191 points, lower than the previous closing point of 8,209.5 points.
Hong Kong Hang Seng Index Futures The Hang Seng Index reported 18,199 points, lower than the Hang Seng Index's last closing point of 18,258.57 points.
CSI 300 futures were at 3,183.8 points, lower than the previous closing point of 3,201.05 points.
The three major U.S. stock indexes closed higher last week, with Dow Jones Industrial Average It closed at a record high, rising 0.09% to 42,063.36. this S&P 500 Index It retreated 0.19% to close at 5,702.55, with technology stocks as the main focus. Nasdaq Index It fell 0.36% to close at 17,948.32.
—CNBC’s Hakyung Kim and Brian Evans contributed to this report.