Asia Markets: Asian stocks fall, with Japanese shares hurt by Kuroda policy remarks

Asian shares were broadly lower Monday, as traders largely gave up hope for an oil breakthrough this week and as the Bank of Japan flagged that it remained committed to negative rates.

Japan’s Nikkei NIK, -1.25%NIK, -1.25% finished the day off 1.3%, while Hong Kong’s Hang Seng Index HSI, -1.56% retreated 1.6% and South Korea’s Kospi SEU, -0.34% slipped 0.3%.

On Friday, the S&P 500SPX, -0.57% fell 0.6% and the Dow Jones Industrial Average DJIA, -0.71% shed 0.7% as a sharp drop in oil prices hit energy stocks.

Analysts have low expectations for any breakthroughs in oil production cuts when the Organization of the Petroleum Exporting Countries gathers for an informal meeting in Algiers this week.

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