Investing.com-- Most Asian stock markets fell on Monday as investors fled risk-driven assets ahead of a U.S. Federal Reserve meeting later this week, while a holiday in Japan made for diminished trading volumes.

SHANGHAI (Reuters) - China's central bank lowered the borrowing cost of 14-day reverse repos on Monday and stepped up cash injections to counteract higher demand towards the quarter-end.

SINGAPORE (Reuters) -Oil prices dipped on Monday as fears of a global recession caused concerns that fuel demand growth will slow, though supply worries ahead of the European Union embargo on Russian oil in December limited declines.

SINGAPORE - Oil prices climbed during early Asian trade on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand.

China's exporters – the last reliable pillar of the world's second-largest economy as it struggled with the pandemic, weak consumption and a property crisis – are warning of hard times ahead as softer overseas markets force them to shed workers, shift to lower-value goods and even rent out their factories.

Asian stocks steadied from recent losses on Thursday, while Chinese indexes fell after the People’s Bank paused its monetary easing measures amid increased pressure from a hawkish U.S. Federal Reserve.