In today’s market report… Asian markets dipped to their lowest level since September on Monday, as growing concerns about the eurozone's debt problems doused regional economic optimism.

The euro fell to the lowest in over eight months, while a stronger yen hurt Japanese exporters, sending the Nikkei to a two month closing low.

Japanese beermakers Kirin and Suntory scrapped plans to create one of the world's largest food and beverage makers with annual sales of $40 billion.

Kirin, whose shares slid as much as eight percent, said it had not been able to agree with privately-held Suntory on how to ensure management independence and transparency in the merged company.

Asian mining shares edged higher ahead of earnings reports, while an unlisted Australian mining firm landed a huge deal on Sunday to export coal to China - worth $60 billion.

Resourcehouse said the deal is Australia's biggest export contract in which it will supply China Power International with 30 million tons of coal over 20 years.