Asian equities were flat and the dollar and yen rallied against peers in a sign of defensive posturing as traders prepare for US data later this week that will offer clues on Federal Reserve rate cuts.
Stocks in Australia, Hong Kong and South Korea fell, while mainland China shares fluctuated.
Shares in Japan trimmed earlier gains, but were among the best performers in the region, even as the yen strengthened.
An index of global shares erased an earlier advance. European equity futures were little changed, while US contracts fell ahead of Wall Street’s reopening later Tuesday, following the Labor Day public holiday.
Treasuries were little changed. As index of dollar strength reached a two-week high and was on pace for fifth daily advance. The yen’s climb ended a run of weakening against the greenback in the prior four trading days.
The South Korean won weakened after August inflation data showed year-over-year prices rose at the slowest pace since 2021.
