The local share market has closed slightly lower in quiet trading on a public holiday for most of the country, with mainland China and Hong Kong similarly shut down for Golden Week.
The benchmark S&P/ASX200 index on Monday closed down 15.4 points, or 0.22 per cent, to 7,033.2, while the broader All Ordinaries fell 14.2 points, or 0.2 per cent, to 7,235.5.
In the United States over the weekend, one potential risk event was averted as Republicans and Democrats reached compromise on a stopgap funding bill that would keep the government open for another six weeks.
In China, official purchasing managers index (PMI) data showed the manufacturing sector returning to expansion in September, along with a pick-up in services and construction activity.
Australia's manufacturing sector meanwhile saw conditions soften last month, according to PMI data from Judo Bank, with a sharper fall in new orders including from abroad.
On Tuesday, the Reserve Bank of Australia is widely expected to keep rates on hold at its first board meeting under the leadership of governor Michele Bullock, but there was the possibility that the accompanying statement might strike a tone about the board's path forward.
The ASX's 11 sectors finished mostly lower with mining, utilities and property the only gainers, each rising about half a per cent.
Coronado Global Resources was the biggest loser in the ASX200, falling 4.4 per cent to $1.86 after the coking coal producer forecast less production following geological issues its Buchanan mine in the US and a mechanical failure at its Curragh mine in Queensland.
Executive chairman Gerry Spindler said what he described as "two short term non-recurring operational challenges" would have a minimal impact on Coronado's balance sheet, reducing it by a maximum of $US10 million.
The heavyweight mining sector rose 0.6 per cent, with BHP up 0.8 per cent to $44.60, Fortescue climbing 0.7 per cent to $21.06 and Rio Tinto adding 1.1 per cent to $114.84.
The Big Four banks all finished lower, with ANZ down 0.7 per cent to $25.49, NAB dropping 0.4 per cent to $28.96, and CBA and Westpac both edging 0.1 per cent lower at $99.85 and $21.13 respectively.
In small caps, Galileo Mining soared 39.0 per cent to a one-month high of 41c after the junior explorer announced a new platinum-gold-nickel-copper discovery at its Norseman project in Western Australia.
Cyclopharm added 1.4 per cent to $2.87 after the Sydney company's lung imaging agent Technegas finally received US approval, decades after it became the standard of care in dozens of other countries.
The Australian dollar was at a four-day low against its US counterpart, buying 63.97 US cents, from 64.67 US cents at Friday's ASX close.
ON THE ASX:
* The S&P/ASX200 index finished Monday down 15.4 points, or 0.22 per cent, to 7,033.2
* The All Ordinaries dropped 14.2 points, or 0.2 per cent, to 7,235.5
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 63.97 US cents, from 64.67 US cents at Friday's ASX close
* 95.84 Japanese yen, from 97.41 Japanese yen
* 60.57 Euro cents, from 61.06 Euro cents
* 52.53 British pence, from 52.85 British pence
* 106.92 NZ cents, from 107.56 NZ cents
