By YURI KAGEYAMA
AP Business Writer
TOKYO (AP) — Asian shares have declined after U.S. stocks tumbled last week as global markets’ expectations for higher interest rates set the tone. Benchmarks fell in Japan, South Korea and China. Trading was closed in Australia for a national holiday. Oil prices fell more than $3 per barrel and the U.S. dollar edged down to 128.51 Japanese yen. The news that Emmanuel Macron won the run-off French presidential election over the weekend, clinching a second term as was widely expected, reassured markets that France won’t abruptly shift course in the midst of the war in Ukraine. Investors are also watching profit reports from companies.
