On Monday, Asian stock markets showed a mixed performance as investors awaited the Federal Reserve's forthcoming decision on interest rates.

Oil prices experienced a decline of over $1 per barrel.

Despite a diverse range of economic reports released on Friday, Wall Street's expectations regarding the Federal Reserve's decision to maintain its benchmark interest rate above 5.25% at the upcoming Wednesday meeting remained largely unchanged, as reported by the Associated Press (AP).

U.S. consumer expectations for inflation in the next year have risen to 4.2%, up from 3.2% the previous month. This has raised concerns for the Federal Reserve, which worries that these expectations may contribute to a negative cycle exacerbating high inflation.

The Shanghai Composite index witnessed a 0.3% increase, reaching 3,025.76.

Australia's S&P/ASX 200 fell by 0.8% to 6,772.90.

South Korea's Kospi posted a 0.3% gain, closing at 2,310.55. Taiwan's Taiex saw a slight increase of 0.1%, while the SET index in Bangkok experienced a negligible uptick of less than 0.1%.

On Friday, Wall Street stocks encountered challenges. The S&P 500 dropped by 0.5%, declining 10% below its peak from July.

The Dow Jones Industrial Average experienced a 1.1% decrease, and the Russell 2000 index, which tracks smaller company stocks, slipped by 1.2%, marking its lowest level in approximately four years.

The Nasdaq outperformed other market indices, recording a 0.4% increase.

Amazon's shares surged by 6.8% following a positive earnings report, with both its profit and revenue for the summer surpassing expectations.

Intel also contributed to market support, registering a 9.3% increase after reporting stronger-than-expected summer profits.

Conversely, Ford encountered a 12.2% drop in its stock value after releasing disappointing earnings and revenue figures, one day after reaching a tentative contract agreement with the United Auto Workers union.

In currency trading, the U.S. dollar slipped to 149.56 Japanese yen from 149.59 yen. The euro's exchange rate declined from $1.0567 late Friday to $1.0561.