A general view showing the Hong Kong Skyline on October 13, 2022 in Hong Kong, China.
Nurphoto | Nurphoto | Getty Images
Asia-Pacific markets started the final week of June mixed, even as U.S. markets snapped a multi-week winning streak Friday.
In an early Monday note, CMC Markets analyst Tina Teng, wrote that "economic concerns took central stage again as recession fears mounted, with spiking rates in both Europe and the US rattling global markets."
Over the weekend, Europe also saw a brief rebellion by the Wagner private military group in Russia, pushing oil prices up on Monday.
Hong Kong's Hang Seng index extended last week's losses to fall 0.4%. Mainland Chinese stocks also fell on its return from a two-day holiday, with the Shanghai Composite closing down 1.48% at 3,150.62 in a fourth-straight daily loss.
The Shenzhen Component recorded the biggest loss among Asia-Pacific indexes on Monday, ending 1.69% lower at 10,872.3.
In Japan, the Nikkei 225 reversed earlier gains to close down 0.25% at 32,698.81 in a third-straight daily loss, while the Topix ended down 0.20% at 2,260.
In Australia, the S&P/ASX 200 fell 0.29% and ended at 7,078.7, dragged by energy stocks and marking its fourth straight day of losses.
South Korea's Kospi bucked the wider sell off, climbing 0.47% to close at 2,582.2, while the Kosdaq finished up 0.53% at 879.5.
All three major U.S. indexes slid in Friday's trading session, with the Dow Jones Industrial Average falling 0.65%, while the S&P 500 dropped 0.77% and the Nasdaq Composite closed lower by 1.01%.
— CNBC's Sarah Min and Samantha Subin contributed to this report
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