Wall Street opens the trading week in the red as investors react to U.S. Pres. Donald Trump's tax plans. European markets trade mixed as investors closely watch ECB chief Mario Draghi's speech before lawmakers in Brussels. The Japanese yen falls after Prime Minister Shinzo Abe unveils a stimulus package and calls for a snap election. The PSEi falls two days in a row after breaching the 8,300 mark. Thousand of commuters are stranded as transport groups begin their two-day strike.