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Tokyo Up on Dollar Strength, but India's New Central Bank Governor Fails to Raise Mumbai Index

Japanese markets started the week on a positive note, Monday, as speculation over a rise in U.S. interest rates in September kept the dollar over ¥100, making Japanese exports cheaper. But elsewhere in the region the Hong Kong and Chinese markets were down.

In Tokyo, the Nikkei 225 closed down 0.32% at 16,598.19 while the broader Topix was up 0.62% at 1,303.68. In Hong Kong, the Hang Seng Index was off 0.47% in late trading at 22,829.72, while in mainland China the combined Shanghai and Shenzhen CSI 300 was off 0.5% at 3,348.07. In Australia, Sydney's S&P/ASX 200 finished the day down 0.21% at 5,515.10.

Oil prices fell back, with West Texas...