The Japanese stock exchange started the new trading week at a loss on Monday. Investors kept their guns dry awaiting interest rate decisions from the Japanese central bank and the US Federal Reserve later this week. In addition, more business results and trade talks between the United States and China, to be held in Shanghai this week, were also awaited.

The leading Nikkei in Tokyo finished 0.2 percent in the minus at 21,616.80 points. Tokyo Electron lost 0.8 percent. The maker of chip equipment saw the operating profit in the past quarter decline more sharply than analysts had expected.

The Japanese telecom concern SoftBank climbed 3.9 percent. The megafusion between the American telecom companies T-Mobile US and Sprint has come a step closer. The competition department of the US Department of Justice has agreed to the merger. SoftBank has a major interest in Sprint.

The stock market in Shanghai fell 0.2 percent. Last weekend it turned out that the profits of industrial companies in China fell in June, due to the weakening world economy and trade tensions with the US. President Donald Trump also said that a trade deal could take a while and that the Chinese may want to wait until after the US presidential election in 2020.

The Hang Seng index in Hong Kong was 1.5 percent lower in the meantime, following the violent clashes between the police and demonstrators in the city. The Kospi in Seoul fell 1.8 percent. The Australian All Ordinaries, on the other hand, closed 0.5 percent higher.

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