Asian markets ended on a negative note on Monday led by the Shanghai SE Composite in China which slumped by over 6.7% as measures to curb lending threatened to damp growth in China. The MSCI Asia Pacific Index lost 0.6%.
The Nikkei index was down 0.4% at 10,492 and Hang Seng index was down 1.8% at 19,724.
The Kospi Index was down 1% at 1,591 and the S&P/ASX 200 index in Australia was down 0.3% at 4,479.
Mean while in India, the BSE Sensex was down 221% or 1.5% at 15699 and the NSE Nifty index was down 62 points or 1.3% at 4669.
Japan's output of 12 vehicle makers fell 32% from a year earlier to 742,284 units in July. Incentives and subsidies from governments in the U.S., Japan and Europe helped slow production declines compared with June?s 34% plunge.
Toyota Motor and Honda Motor led a drop in domestic production among the country?s automakers in July as exports plummeted.