U.S. Markets closed

Nikkei drops 1.6% as dollar extends losses; rest of Asia trades mixed

Cheang Ming

Asian stocks closed mixed on Monday, with Japan's Nikkei 225 taking a hit amid the weaker dollar. The greenback extended losses after U.S. President Donald Trump doubled down on his criticism of global monetary policy and the Federal Reserve last week. Trade fears were also in the background after Trump said he was prepared to slap tariffs on $500 billion in Chinese imports to the U.S.