Asian shares fell Monday after another week of sizable losses on Wall Street, as investors braced for another interest rate hike by the U.S. Federal Reserve.
Japan’s markets were closed for a holiday. Oil prices rose while U.S. futures declined.
On Friday, a stark warning Friday from FedEx about rapidly worsening trends in the economy gave investors more to worry about. The S&P 500 fell 0.7%, while the Nasdaq lost almost 1%. The Dow lost almost half a percent.
