• Australia stocks fell following Prime Minister Anthony Albanese's reelection.
• Taiwan's benchmark Taiex was also down.
• India's benchmark Nifty 50 and broader BSE Sensex rise.
• Several Asian currencies strengthened against the dollar.
• Japanese, South Korean, Hong Kong and Chinese markets were closed for public holidays.

Australian stocks fell Monday after Prime Minister Anthony Albanese , while most Asian markets were closed for holidays.

Albanese is the country's first prime minister to clinch a second consecutive term in 21 years, indicating Australians' desire for policy continuity amid an uncertain global macroeconomic outlook.

The benchmark lost 0.91% in its last hour of trade, after the index hit its in the previous session.

Taiwan's benchmark Taiex pared plunged 1.21%, in choppy trade.

India's benchmark  added 0.5% while the BSE Sensex advanced 0.54%.

Representatives for Indian billionaire Gautam Adani and his companies reportedly met with officials from U.S. President Donald Trump's administration to discuss the dismissal of the criminal charges levied against him in an overseas bribery probe, .

The talks which began earlier this year have picked up speed in recent weeks and could lead to a resolution in the coming month or so if the pace continues, the report added. It also highlighted that Adani's representatives are trying to make the case that his prosecution doesn't align with Trump's priorities and should be reconsidered.

Shares of flagship surged by 6.07%, while rose 6.55% and gained 6.22%. shares advanced 5.48% while added 4.57%.

Meanwhile, Indonesia's economy expanded lower than the 5.02% growth seen in the previous quarter, government data showed. This is the slowest pace of growth since the third quarter of 2021, and falls short of 4.91% penciled in by economists polled by Reuters.

Japanese, South Korean, Hong Kong and mainland China markets were closed for public holidays.

Currencies rally

Asia-Pacific currencies rose, as the U.S. dollar weakened sharply.

The offshore Chinese yuan was up 0.17% against the U.S. dollar at 7.1994, after hitting its strongest level since November 2024 earlier in the session.

The Taiwanese dollar continued to strengthen, appreciating 3.75% against the greenback to 29.552, hitting its strongest level in nearly three years.

The Australian dollar appreciated by 0.62% against the greenback to trade at 0.6482. Similarly, the Singapore dollar strengthened by 0.56% to 1.2896 against the greenback after the ruling People's Action Party secured another strong mandate.

The Japanese yen, which had weakened last week, appreciated 0.47% against the U.S. dollar to trade at 144.25, while the Indian rupee strengthened 0.36% against the greenback to 84.1850.

Oil and U.S. futures down

Oil prices plunged after .   was last down 3.02% at $59.44 a barrel, while the crude fell 3.02% to $56.44 per barrel.

U.S. , reversing course from strong wins in Wall Street last week.

The broad-based ended Friday's session 1.47% higher at 5,686.67. This marked its ninth consecutive day of gains and is its longest winning run since November 2004. The benchmark also managed to , when U.S. President Donald Trump announced retaliatory tariffs.

The  jumped 564.47 points, or 1.39%, to end at 41,317.43, and the  gained 1.51% to 17,977.73.

— C온라인카지노사이트's Sean Conlon and Hakyung Kim contributed to this report.