Asian markets end lower; European indices closed for Easter

Asian stocks closed lower on Monday as OPEC and its allies reached an agreement on a record oil production cut.

While European markets were closed for Easter Monday. Also, Hong Kong, Australia and New Zealand closed for a public holiday.

In Japan, the Nikkei 225 slipped 2.33 percent to close at 19,043.40 as shares of FamilyMart dropped 7.17 percent while the Topix index fell 1.69 percent to end its trading day at 1,405.91.

outh Korea’s Kospi also declined 1.88 percent to close at 1,825.76 as shares of chipmaker SK Hynix dropped 3.21 percent .

Mainland Chinese stocks declined on the day, with the Shanghai composite shedding 0.49 percent to about 2,783.05 while the Shenzhen composite fell 0.799 percent to around 1,707.46.

Overall, the MSCI Asia ex-Japan index dipped 0.21 percent .

Markets in Hong Kong and Australia were closed on Monday for Easter Monday.