Asian shares lower, ASX down 0.6%, Nikkei slips 0.3%, Kospi flat

Currency swings overnight weighed on Asian equities Monday, following President-elect Donald Trump’s jolting comments that the dollar is too strong, prompting the greenback to fall to a one-month low.

Trump made his comment about that the dollar was “too strong” which makes it hard for American companies to compete with China, in an interview with the Wall Street Journal.

Japan’s Nikkei 225 fell 0.39 percent as the dollar/yen falls below the 113 handle and as financial stocks weigh.

South Korea’s Kospi slipped 0.21 percent, as the country grapples with a political scandal that has led to the impeachment by parliament of President Park Geun-hye and implicated the country’s largest conglomerate’s chief.

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Asian shares lower, ASX down 0.6%, Nikkei slips 0.3%, Kospi flat