Asia-Pacific stocks are expected to drop ahead of the release of important economic data for the week.
The week's regional highlights include monetary policy decisions in Japan and Malaysia, South Korean inflation data, and Taiwanese and Hong Kongese gross domestic growth figures.
The Nikkei is expected to also fall, as the Bank of Japan begins its two-day meeting on monetary policy. The futures contract for Chicago was 30,665 while its counterpart in Osaka was 30,650. This compares with the index's previous close of 30,991.69
S&P/ASX 200 in Australia fell 1.04% ahead of the retail sales figures for September, which will be released on Monday.
Futures for Hong Kong’s Hang Seng Index stood at 17,175, indicating a weaker opening compared to HSI’s close of 17,398.73
The S&P 500 entered correction territory on Friday, as Wall Street saw renewed selling on the back of fears about a possible recession.
The Dow Jones Industrial Average, which includes 30 stocks, fell by 1.12% while the S&P 500 dropped by 0.48%. The Nasdaq Composite rose 0.38% to 12,643.01 thanks to Amazon exceeding analysts' revenue and earnings expectations in the third quarter.
This report was contributed by CNBC's Brian Evans, Lisa Kailai Han and Brian Evans.