Asian shares opened in the red on Monday after a sharply lower finish for major US indexes on Friday amid concerns central banks will become less accomodative.
Down Under, ASX 200 was down 2 percent, weighed heavily by the energy sector, which was down 3.31 percent, the materials subindex, which shed 2.98 percent, and the financials sector, which was lower by 1.95 percent. The Japanese benchmark index Nikkei 225 shed 1.4 percent; South Korea's Kospi fell 1.62 percent in Asian trade.
Mainland China markets slumped at the open: The Shanghai composite fell 1.75 percent and the Shenzhen composite shed 2.22 percent. In Hong Kong, the Hang Seng index slid 2.42 percent.
"Traders have been quick to price in worst case scenario as interest rate rise jitters start taking hold and have resulted in some fairly assertive moves in bond, equity, and forex asset classes," said Stephen Innes, senior trader at OANDA, in a Monday note.
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Mainland China markets slumped at the open: The Shanghai composite fell 1.75 percent and the Shenzhen composite shed 2.22 percent. In Hong Kong, the Hang Seng index slid 2.42 percent. 
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