On the economic data front, China’s trade data for August is expected to be released at around 11:00 a.m. HK/SIN.
Oil prices drop
Oil prices fell in the morning of Asian trading hours, with international benchmark Brent crude futures down 2.04% to $41.79 per barrel. U.S. crude futures dropped 2.14% to $38.92 per barrel.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.867 after its ascent last week from levels below 92.0.
The Japanese yen traded at 106.26 per dollar after weakening last week from levels below 105.6 against the greenback. The Australian dollar changed hands at $0.7284 after last week’s slip from levels above $0.732.
Here’s a look at what’s on tap:
- China: Trade data for August at 11:00 a.m. HK/SIN
Source: CNBC