Asian markets drift lower

Asia’s markets started lower as a lack of resolution on U.S. and European debt problems weighed on financials and other companies with global exposure.

Japanese financial firmsstarted down with investors returning from a three-day weekend reacting to the disarray over the U.S. debt limit and lack of a resolution on shoring up euro-zone government finances. The Nikkei index is down 0.7%.

The other major losers are Jakarta Composite,Shanghai Composite losing 0.5% each and Hang Seng and KLSE Composite are down 0.3% each.

The only aberration to the negative Asian market is Straits Times which is up 0.1%.