Asia markets extends sell-off, China CSI 300 hits lowest level since February 2019

Asia-Pacific markets continued their sell-off ahead of a week of inflation readings from across the region and South Korea’s third-quarter gross domestic product numbers.

Australia will release inflation figures for September on Wednesday, while Japan will release Tokyo’s inflation numbers on Friday. Tokyo’s inflation is considered a leading indicator of nationwide figures.

Singapore saw its September inflation rate rise slightly to 4.1% from 4% in August, in line with expectations.

In Australia, the S&P/ASX 200 fell 0.82% to close at 6,844.1, extending declines from last week for a third straight session of losses.

Japan’s Nikkei 225 slipped 0.6%, while the Topix was down 0.48%. South Korea’s Kospi was trading down 0.75%, while the Kosdaq reversed earlier gains to lose 0.71%.

Hong Kong’s markets are closed for a holiday Monday, but the mainland Chinese CSI 300 index continued its slide, down 0.6% and diving past its one-year low.

On Friday in the U.S., all three major indexes retreated as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy.

Most notably, the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday.

The S&P 500 shed 1.26%, notching its first losing week in three, while the Nasdaq Composite dropped 1.53% The Dow Jones Industrial Average lost 0.86%.

— CNBC’s Pia Singh and Alex Harring contributed to this report.