SINGAPORE — Shares in Japan looked set for a lower start on Monday, with mainland China markets poised to return to trade following the Lunar New Year holidays last week.

The Nikkei futures contract in Chicago was at 27,280 while its counterpart in Osaka was at 27,290. That compared against the Nikkei 225’s last close at 27,439.99.

Elsewhere, the S&P/ASX 200 in Australia shed about 0.8% in morning trade.

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The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.44 after its recent decline from above 95.9.

The Japanese yen traded at 115.28 per dollar, following last week’s weakening from levels below 114.4 against the greenback. The Australian dollar was at $0.7079, off levels above $0.714 seen last week.

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