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A man looks at an electronic board displaying share information at the Australian Securities Exchange, operated by ASX Ltd. 16 March 2020 in Sydney, Australia.

Brendon Thorne | Getty Images

Australia shares fell more than 1% on Monday morning on a quiet day in the region, with a few major markets closed.

The S&P/ASX 200 was 1.47% lower in early trade.

Markets in Japan, South Korea, Taiwan and Malaysia are closed for public holidays on Monday. Markets in Mainland China will return to trading after the Golden Week holiday.

Later this week, the Bank of Korea will hold its policy meeting, Singapore will announce its third-quarter GDP estimate and China will release inflation data.

Taiwan Semiconductor Manufacturing Company and Japan’s Fast Retailing will report earnings and the US will release inflation data for September.

On Friday in the US, major stock indexes fell more than 2% after data showed unemployment fell in September, fueling fears that the Federal Reserve would continue to raise interest rates aggressively.

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