Asia Markets: Asian markets fall on profit-taking, while Xi praises globalization

After the best week in years for a number of Asian stock markets — following the worst month in years for many — the region’s equities traded on a down note Monday amid profit-taking after surges late last week.

Japan’s Nikkei NIK, -1.55% closed down 1.5% after its best week since mid-2016, following Friday’s declines in the U.S. and amid persistent concerns about rising borrowing costs, U.S.-China trade conflicts and their effects on corporate results. Subaru 7270, -5.00% fell about 5% and Uniqlo parent Fast Retailing 9983, -4.76% was off 4.8%.

Read: Bank of Japan’s Kuroda says large-scale monetary easing no longer the best policy

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