Chinese stocks fell on Monday amid concerns over the property market, while
The exchange rate between the dollar and the yen could be impacted later in the week by a string of upcoming U.S. economic indicators--such as January new home sales and durable goods orders, as well as revised fourth-quarter gross domestic product figures.
The Hang Seng Index in
Under the plan, advanced economies would continue to implement easy money policies, while emerging markets would work to restructure their economies and keep inflation at bay.
In addition, a number of major stocks going ex-dividend also weighed on the market -- meaning new buyers of stock will no longer receive the next dividend. Retailer Wesfarmers lost 2.7% and Telstra Corp. was 2.4% lower.
The Shanghai CSI 300 Index deducted 49.78 points, or 2.2%, to 2,214.51
Chinese local media reported that a medium-sized bank has tightened its financing to property developers. As a result, large property developers fell sharply, with China Vanke Co. sinking 5.9% in
In other markets;
Singapore's Straits Times Index tacked on 5.91 points, or 0.2%, to 3,105.84
The New Zealand Exchange 50 index progressed 42.01 points, or 0.9%, to 4,969.65
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