SHANGHAI (AP) -- Asian stock markets extended their slide Monday, after Wall Street notched its fourth straight weekly drop, amid worries over risks from debt troubles in Europe.

Japan's benchmark Nikkei 225 closed at a nearly two-month low, falling 1.1 percent, or 105.27 points, to 9,951.82 as exporters were hit by a stronger yen, which can erode their overseas profits. It was its lowest close since Dec. 10, when the Nikkei ended at 9,862.82. Oil prices rose modestly while the dollar gained against the euro.
Shares in Toyota Motor Corp. rebounded earlier in the day, after the company's president Akio Toyoda apologized late Friday for the crisis over massive recalls due to safety problems in some of its most popular models. But they later fell back, shedding 0.9 percent.
Chinese shares also dropped in listless trading, with investors keeping to the sidelines ahead of a weeklong Lunar New Year holiday, which begins Saturday.