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On Monday, Asia markets were down in the morning trade after a report claiming further turmoil in 2019 for stock markets as well as after a sell-off on Wall Street on Friday. Stocks on Wall Street traded weaker than expected as the Dow Jones Industrial Average dropped 496.87 points so as to close to its lowest to 24.,100.51 since May.

Dow futures fell after declines in shares like Johnson & Johnson and Apple. For this year, the Dow is down by 2.5 percent. On the other hand, the S&P 500 pulled back 1.9 percent to end the session at 2,599.95, which marked its lowest since April. It came into effect after the health care and tech sectors lagged behind. The broad index is down by 2.75 percent for this year.

The Nasdaq Composite slipped 2.26 percent and closed at 6,910.66. However, this tech-heavy index is only up by 0.11 percent. Friday marked the worst day ever as all chief indexes closed lower by at least 10 percent after their 52-week highs.

In China, the retail sales and industrial output growth missed expectations that show its economy is slowing down. The Shanghai Composite shed 0.6 percent and the Shenzhen Composite slipped 1.35 percent. The Hang Seng index of Hong Kong declined 0.35 percent in the morning trade.

Meanwhile, the Nikkei 225 of Japan climbed 0.45 percent and the Topix index experienced gains by 0.11 percent. Softbank shares rose about 1 percent up after recovering their previous losses. The Kospi index of Korea traded slightly higher after experiencing lows previously.

In Australia, the ASX 200 traded flat along with other sectors in an assorted territory. The financial subindex declined by 0.86 percent and Australia’s Big Four banks also traded lower. The Australian dollar traded at 0.7176 against the U.S. dollar.