Equity markets earlier in the week showed weak movement with Asian shares mixed while risk assets in the United States (US) plunged at the close.
The start of Monday's Asia Pacific trading session saw mixed equities as investors awaited the results of a survey of private services sector activity in China.
It is understood that China's Caixin Services Purchasing Management index will be published today with July growth coming in at 55.5 while August's official non-manufacturing PMI read at 52.6.
As a result, Japan's Nikkei 225 fell 0.2% while Topix fell 0.3% while South Korea's Kospi rose 0.35% and Kosdaq fell 0.3%.
Australia's S&P/ASX 200 index rose 0.25% while MSCI's broadest gauge of Asia Pacific shares outside Japan traded weak.
Moving on to Wall Street, during the closing session last Friday all major US stock indices were down with August NFP jobs data rising at 315,000.
The matter indirectly reinforces the expectation that the Federal Reserve (Fed) will implement a more aggressive rate increase of 75 basis points in curbing the peaking inflation.
According to ANZ Research, the asset market initially recovered with the increase in the US unemployment rate giving potential inflationary relief, but the news of Gazprom not planning to reopen Nord Stream 1 reversed the situation.
