Asia markets traded mixed, with the Nikkei continuing its third straight session of gains, likely getting a boost from a weaker yen and better-than-expected Japanese economic data.
The MSCI Asia Pacific Index dropped 0.4 percent, dragged down by Hong Kong, Australian, Malaysian and Indonesian markets.
Japanese shares rose on Monday as a weak yen bolstered exporter shares, with the Nikkei rising 1.7 percent to 17,672.62, the highest closing level since Feb 2.
Expectations that the Trump Administration's policies will stoke U.S. inflation, and upbeat economic data at home, underpinned financials and the market's outlook.
Shanghai's benchmark stock index reached a 10-month high on Monday, as there are more signs that China's economy is steadying, but the outlook for further gains is cloudy.
The blue-chip CSI300 index and the Shanghai Composite Index both gained 0.4 pct, to 3,430.25 points and 3,210.37 points respectively.
China's economy largely showed further signs of steadying in October as expected, but disappointing retail sales growth and fears of U.S. trade frictions under incoming President Donald Trump are increasingly clouding the outlook.
Reference: Reuters, CNBC
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