Market Overview

Australia's stock market experienced a downturn on Monday, following reports of the slowest expansion in the services sector in three months. The S&P/ASX 200 index saw a decline of 0.73% by 4:25 am CET.

Currency Movements

In related financial news, the United States dollar weakened against the Japanese yen, losing 0.53% to trade at ¥144.20950 by 4:26 am CET.

Asian Markets Holiday

Several Asian markets, including Japan's Nikkei 225, South Korea's Kospi, Hong Kong's Hang Seng, and China's Shanghai and Shenzhen Composites, were closed for public holidays, contributing to a quieter trading day in the region.