Stocks in Asia Pacific traded lower on Monday morning, with major markets regionally closed for holidays.

MELBOURNE (Reuters) - Oil prices fell in early trade on Monday, paring last week’s gains, on worries the global oil glut may persist as U.S.-China trade tension could hold back an economic recovery even as coronavirus pandemic lockdowns start to ease.

BEIJING, April 30 (Reuters) - China’s factory activity unexpectedly shrank in April, a private-sector survey showed on Thursday, as the coronavirus pandemic shattered global demand, causing a substantial drop in export orders and more layoffs.

Short supply of rain guard gear in plantations has cast a shadow over the prospects of natural rubber (NR) production, amidst a spate of summer showers in south India. Along with the lockdown woes and pandemic worries, this crucial handicap may do its share in whittling down Rubber Board’s NR production for next year by at least 10%.

MUMBAI – Rubber contracts on the Indian Commodity Exchange ended lower today, tracking a fall in the benchmark contracts on Tokyo Commodity Exchange, traders said.

PETALING JAYA: The Malaysian Automotive Association (MAA) has revised downwards its 2020 total industry volume (TIV) forecast to 400,000 units from 607,000 units previously due to negative implications of the Covid-19 pandemic which has severely affected business operations.