British News Agency

One of the major contributors to the Nasdaq’s losses was the tech giant Nvidia, which saw a significant drop of 6.7 percent on Monday. This led to the information technology sector being the worst-performing sector in the S&P 500, down more than 2 percent.

Investors in Asia assessed South Korea’s consumer sentiment index for June and Japan’s service sector producer prices. Japan's services producer price index climbed 2.5 percent year on year in May, compared with the 2.7 percent rise in April.

South Korea’s consumer confidence index climbed in June to 100.9 from 98.4 in May. This comes amid growing optimism about living standards, future household income, and domestic economic conditions.

Japan’s Nikkei 225 closed 0.95 percent higher at 39,173.15 while the broad-based Topix rose 1.72 percent, leading gains in Asia and closing at 2,787.37 — its highest in three weeks.

South Korea’s Kospi gained 0.35 percent to 2,774.39 while the small-cap Kosdaq closed marginally higher at 841.99, snapping a three-day losing streak. The Taiwan Weighted Index reversed losses, advancing 0.27 percent to 22,875.97.

Hong Kong Hang Seng Index was down marginally, while mainland China’s CSI 300 dropped 0.54 percent.

Australia’s S&P/ASX 200 closed 1.36 percent higher at 7,838.8. In the U.S., the Dow Jones Industrial Average added 0.67 percent, while the S&P 500 slid 0.31 percent. The tech-heavy Nasdaq Composite saw its worst day since April, sliding 1.09 percent.