- As investors examine the impact of China's Covid policies on development and the future for the world's top economies, Asian markets traded neutral on Monday. The currency and treasuries both fell.

- In Japan, stocks increased moderately, but a drop in Chinese technology firms and a virus outbreak in Beijing weighed on Hong Kong and China. The Nasdaq 100 and S&P 500 futures both rose around 1% after the S&P 500 fell for the seventh week in a row, a streak of weakness not seen since 2001.

- A record number of Covid cases were reported in Beijing, reigniting fears of a lockdown. China's strict Zero Covid policy has hindered economic growth, prompting banks to reduce a key interest rate for long-term loans by an unprecedented amount last week.

- The dollar index fell. The Australian currency rose after Labour won a comfortable victory against the liberal-national alliance in a weekend election. Treasury prices fell on Friday as traders debated the Federal Reserve's tightening policy amid growing concerns about an economic slowdown. Bitcoin has recovered from weekend losses and is currently trading at around $30,000.