Market Crash: Asian Stocks Plummet After Last Week's Slump

Elsewhere in Asia, Taiwan's main stock index fell 6.7%, with chipmaker TSMC losing more than 6%. In South Korea, the Kospi index fell more than 4%.

However, Hong Kong's Hang Seng Index fell 0.3% in morning trading, while the Shanghai Stock Exchange rose slightly.

Stocks plunged in New York on Friday after official jobs data showed U.S. employers added 114,000 jobs in July, a figure far below expectations.

The figures have raised concerns that the long-running jobs boom in the U.S. may be coming to an end and have fueled speculation about when and how much the Federal Reserve might cut interest rates.