SINGAPORE — Shares in Asia-Pacific fell in Monday morning trade, as investors continue to watch the situation surrounding Ukraine.

It Nikkei 225Japan’s early trade declined 2% while Topix lost 1.8%. South Korea KospiReduced by 1.64%

Australia’s S&P/ASX 200The stock dropped 0.82% during morning trade

MSCI’s Asia-Pacific share index outside Japan was 0.36% less.

Investors will be concerned about a possible Russian invasion of Ukraine. U.S. president Joe Biden abruptly cancelled plans on SundayFollowing a meeting at the top of the Ukraine crisis team, Delaware officials will allow them to return home.

China will announce its benchmark lending rate Monday morning. The latest one-year loan prime (LPR), is expected to go out at 9.15 a.m. HK/SIN. A snap Reuters poll showed that all 24 financial institutions predicted no changes in the LPR for one year.

Monday holidays see the U.S. markets close.

It U.S. dollar indexFollowing its recent rise from below 96,, the metric that tracks the greenback in relation to a basket of peers was at 96.109

It Japanese yenThe dollar was traded at 114.92 dollars after it strengthened to about 114.8 late last week. After strengthening to around 114.8 against the greenback late last week, it traded at 114.92 per dollar. Australian dollarAfter a fall from $0.72 in late last week, the price was $0.7167.