Japan, Australia Stocks Fall As China, Other Asian Markets Stay Closed For Lunar New Year Holidays

Japan and Australia stocks fell on Monday morning after oil extended declines last week and many Asian stock markets were shuttered for the Lunar New Year holidays. Financial markets are waiting for U.S. Federal Reserve Chair Janet Yellen to speak on Wednesday, amid speculation the agency will hold off on further interest rate increases amid the global market turmoil since the start of the year. Japan's Nikkei 225 fell 1.3 percent, Australia's ASX 200 0.4 percent.

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