Asian stock markets saw mixed results on Monday due to two main concerns: the growing possibility that the US Federal Reserve will not cut interest rates next month and persistent fears that the tech sectors high valuations are creating an AI bubble.
Recent optimism for rate cuts, which was fuelled by earlier signs of a weakening US job market, has faded.
Fed Chair Jerome Powell and other officials suggested a third consecutive rate reduction is not certain, as inflation remains stubbornly above the two per cent target.