Asian Stocks Finish Mostly Lower

Japan's Nikkei 225 stock index closed lower by 2.4% to 9,038.69 in a broad-market decline spurred by a stronger yen, which hurts exports, and sagging corporate results.

Electronics giant Panasonic plummeted 7.6% after announcing Friday a 378.96 billion yen ($4 billion) loss for the fiscal year and projecting a steeper-than-feared net loss for the coming year.

Among banks, Mizuho Financial, Japan's second-largest lender, shed 3.8% after posting a group net loss of 588.8 billion yen ($6.2 billion).

Elsewhere, Hong Kong's Hang Seng reversed course and ended 1.3% higher.

In India, the benchmark Sensex soared 17.2%, forcing trading to be halted for the day, amid euphoria over the Congress Party's definitive victory in national elections.

Friday in New York, stocks extended the week's losses as investors found little incentive to buy despite economic news that wasn't as weak as expected.

The Dow Jones Industrial Average fell 62.68, or 0.8%, to 8,268.64. The broader S&P 500 index fell 10.19, or 1.1%, to 882.88.

U.S. futures pointed to more losses on Wall Street Monday.

Stocks in London, Frankfurt and Paris were lower within the first hour of trading.

Oil prices hovered near $57 a barrel in Asia as traders backed off last week's push to above $60 amid signs of weak crude demand. Benchmark crude for June delivery was up 61 cents to $56.95. The contract dropped $2.28 on Friday.