Benchmarks in Japan and China rose in early trading, while South Korean markets were closed for a national holiday. Shares fell in Australia.
U.S. stock indexes closed lower last week following a disappointing jobs report. This week, attention turns to inflation numbers due out on Wednesday, and upcoming corporate earnings. Revving up the world's third largest economy remains an important mission for Kishida, but he is widely seen as the choice of the old guard of the ruling Liberal Democratic Party, which has dominated politics since the Second World War. Some critics say change is needed if the nation hopes to remain competitive, especially when the pandemic has created new kinds of problems, ranging from shifts in work styles to supply shortages from abroad.
The weak U.S. jobs report Friday raised questions about the Federal Reserve's timeline for paring back its immense support for markets. The S&P 500 fell 0.2% to 4,391.34. The Dow Jones Industrial Average fell less than 0.1%, to 34,746.25, while the Nasdaq composite slid 0.5%, to 14,579.54.
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