A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023.
YingTang | NurPhoto | Getty Images
Asia-Pacific markets are all lower on Monday as the region watches key economic data from China.
The world's second-largest economy will release May figures on retail sales, industrial production and urban unemployment.
Separately, the People's Bank of China maintained the one-year interest rate on the medium-term loans at 2.5% on 182 billion yuan ($25.09 billion) in loans, as expected.
The central bank also injected 4 billion yuan through seven-day reverse repo operations and kept the seven-day interest rate stable at 1.8%.
Hong-Kong Hang Seng Index fell 0.34% after the MLF announcement, while the CSI 300 in mainland China fell 0.45%.
Japanese Nikkei 225 fell 2% in early trading, dragged down by energy and real estate stocks, while the Topix also saw a similar loss of 1.71%.
That of South Korea Kospi fell 0.23%, and small-cap Kospi climbed 0.17%, the only benchmark in positive territory.
Australia's S&P/ASX 200 fell 0.1%. Traders will brace for the Reserve Bank of Australia's interest rate decision on Tuesday.
On Friday, the US Nasdaq Composite posted a fifth consecutive winning session, rising 0.12%, while the S&P 500 fell 0.04%, snapping a four-day winning streak.
The Dow Jones Industrial Average fell 0.15%, marking four straight days of losses.
— CNBC's Lisa Kailai Han and Brian Evans contributed to this report.
