Asian stocks slid on Monday following Friday’s sharp decline on Wall Street, amid fresh fears over U.S. President Barack Obama’s proposals to limit the size and trading activities of financial institutions.
The Shanghai Composite Index fell 1.09%, Hong Kong's Hang Seng Index was down 0.70% and Australia's S&P/ASX 200 slid 0.69%.
Japan’s Nikkei 225, meanwhile, dropped 0.74% and South Korea's Kospi Composite slipped 0.84%.
Nonetheless, some key Asian stocks rebounded on perceptions they had been oversold, including Hong Kong's Henderson Land and Korea's Samsung Electronics.
The outlook for U.S. markets was quite favorable. Dow Jones Industrial Average futures indicated an increase of 0.89%, S&P 500 index futures indicated a rise of 1.00% and Nasdaq 100 Index futures indicated an increase of 0.68%.