Asian shares are lower following a broad decline on Wall Street that reversed some of the big gains from last week.

Investors will be keeping a close watch on South Korean stocks following a meeting between U.S. and South Korean presidents over a trade deal.

Asian shares have tracked Wall Street's rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way

Stocks closed lower on Wall Street after a big jump last week on hopes for interest rate cuts from the Federal Reserve. The S&P 500 fell 0.4% Monday.

By Noel Randewich (Reuters) -Wall Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia's quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.