Asian Shares Mixed In Cautious Trade

Asian stocks turned in a mixed performance on Monday, with South Korean markets falling sharply due to worsening investor sentiment in the semiconductor sector on growing concerns over the AI industry in the U.S.

Markets elsewhere finished mostly higher, with a holiday in Japan keeping regional trading volumes light.

The U.S. dollar held steady near its strongest level in a year and a half ahead of the release of reports on U.S. consumer and producer price inflation this week, which could impact expectations for the Federal Reserve’s next monetary policy meeting later this month.