Asian shares lower; Toshiba plunges 4% on reports of lawsuit

Asian shares were lower on Monday as investors eye the international backlash against US President Donald Trump's immigration policy, which has added pressure on the dollar.

Over in Asia, Japan's Nikkei 225 fell 0.78 percent, after data showed that December retail sales rose 0.6 percent from the previous year, disappointing the market forecast for a 1.3 percent increase, Reuters reported.

Down Under, the ASX 200 plunged 1.17 percent, seeing broad based losses across all sub-indexes except for its gold sub-index, which was up 0.55 percent.

In the broader currency market, the yen strengthened 0.29 percent against the dollar at 114.73, while the Australian dollar was trading at USD 0.7546.

Markets in China, Singapore, Hong Kong, South Korea and Taiwan are shut for public holidays.

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