Asian markets opened lower on Monday after Japan released worse-than-expected third quarter growth data.
Japan’s economy, data showed on Monday, defying expectations for growth. Gross domestic product (GDP) contracted an annualized 1.6 percent, compared with a Reuters forecast for a 2.1 percent gain. The economy contracted 7.1 percent in the second quarter.
U.S. stocks finished flat on Friday, with the S&P 500 rising a fraction of a point to notch another record, as investors tracked the price of oil and after October retail sales rose 0.3 percent, just above expectations, along with a jump in consumer confidence for November.