• Asian equities fell in early trade on Monday.
• The Caixin Services Purchasing Managers’ Index for China is scheduled to be released on Monday at 9:45 a.m. HK/SIN.
• South Korean markets are closed on Monday due to a holiday.

SINGAPORE — Asia-Pacific stocks fell in early trade on Monday, ahead of the release of a private poll on China’s service sector activity in May.

In Japan, the Nikkei 225 fell 0.48 percent as SoftBank Group shares fell 1.33 percent. The Topix index was down 0.39 percent.

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The S&P/ASX 200 index in Australia fell 0.1 percent.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.14 percent.

South Korean markets are closed on Monday due to a holiday.

The Caixin Services Purchasing Managers’ Index is scheduled to be released on Monday at 9:45 a.m. HK/SIN. The announcement follows last week’s official non-manufacturing PMI print of 47.8 for May, an improvement above April’s reading of 41.9 but still below the 50-point threshold that distinguishes expansion from contraction.

PMI measurements are consecutive and reflect month-to-month growth or decline.

Oil prices rose in Asia trade hours, with international benchmark Brent oil futures up 1.34 percent to $121.33 per barrel. Crude futures in the United States rose 1.27 percent to $120.38 a barrel.

The US dollar index, which measures the greenback against a basket of currencies, was at 102.085, up from below 102 recently.

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The Japanese yen was trading at 130.68 per dollar, down from depths below 128 recorded last week against the greenback. The Australian currency was trading at $0.72, down from $0.725 late last week.

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