Japanese Nikkei Index plunged 1.8%, after the resignation of the country's foreign minister, while the Hong Kong Hang Seng Index eased 0.3%, and South Korean Kospi Index dropped 1.2%. The Australian ASX index lost 1.3% and Chinese Shangai Composite Index advanced 1.3%.
Stock markets have opened the week with high risk aversion, as oil prices continue escalating, with April crude rising to USD104.42 in New York on Friday, buoyed on concerns about conflict in Libya and the possibility of unrest spreading through the middle East.
Euro and Pound, in range, Yen higher
USD/JPY rose above 83.00 on Friday, following better then expected US Non-farm payrolls data, although, capped at 83.05, the pair lost ground through the US session, to extend losses on Monday's Asian session, to hit 82.15 low so far.
EUR/USD rally from 1.3430 area on Mid February extended on Friday to a fresh 4-month high above 1.4000, although, unable to hold above the mentioned psychological resistance level, the Euro has been trading between 1.3960 and 1.3995 in Asia.
GBP/USD rally from 1.6000 area on late February, was capped last week at 1.6345, and the pair eased below 1.6300, to perform a choppy consolidation between 1.6230/40 and 1.6300 on Friday and Monday's Asian session.