Asian stock markets closed lower Monday.

Tokyo's Nikkei index fell 1.2 percent to close at 9,380.

Elsewhere, share prices were lower in Sydney, Singapore, Kuala Lumpur, Bangkok, Jakarta, Wellington and Manila. Mumbai markets edged up slightly. Markets in Hong Kong, Shanghai and Taipei were closed for the Dragon Boat Festival, while Seoul markets were closed for Memorial Day.

The U.S. dollar was quoted at 80.01 yen, down a third of a yen from late Friday.

Gold was trading at $1,544.59 an ounce.