Equity markets started the week's early trading session on a negative note as most major Asia Pacific indices traded lower.
Opening the index board, Japan's Nikkei fell 0.23%, Topix slipped 0.29%, Australia's S&P/ASX 200 lost 0.16%, South Korea's Kospi fell 0.43% and the Kosdaq plunged 0.38%.
MSCI's broadest index of Asia Pacific shares outside Japan slipped 0.21%.
Wall Street futures saw the Dow Jones Industrial down 0.2% while the S&P 500 and Nasdaq Composite each slipped 0.3%.
The decline in equities can be attributed to the strengthening of the dollar index after the publication of the unexpectedly strong NFP employment report, in addition to the fact that the unemployment rate has decreased in the United States (US).
In the Asian region, China's trade data for July showed that dollar-denominated exports rose 18% compared to last year and it was the fastest growth that exceeded analysts' expectations of 15%.
Meanwhile, China's dollar-denominated imports rose 2.3% in July compared to the same period in 2021, which was slightly lower than the expected 3.7% gain.
The focus for the rest of this week is on the monthly CPI data which is expected to decrease due to the drop in oil prices while the PPI data and the US consumer sentiment index will also be the focus of investors.
Dollar movements saw the greenback trade firmly against a number of other currencies at 106.651 after the release of NFP employment data last Friday.
The Japanese yen traded firm at $135.26 while the Australian dollar was at $0.6903.
For commodities, US crude futures were down 0.88% at $88.23 while Brent crude was down 0.85% at $94.11.
