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• Asian stocks hit a two-year high on Monday, boosted by stronger-than-expected economic growth in China and bets that lackluster U.S. data will keep the Federal Reserve cautious about the pace of policy tightening.

MSCI's broadest index of Asia-Pacific shares outside Japan extended earlier gains to climb 0.3 percent after the buoyant China readings. Japanese markets were closed for a holiday.

• Sharp drops in highly speculative small-cap stocks pulled China's major stock indexes lower on Monday, offsetting stronger-than-expected economic growth data.

But selling intensified again in the afternoon, with the blue-chip CSI300 index ending down 1.1 percent at 3,663.56 points, while the Shanghai Composite Index slid 1.4 percent to 3,176.46.

• Hong Kong stocks rose for the sixth straight day on Monday, closing at fresh two-year highs, with sentiment aided by robust China economic growth data and signs Chinese money inflows are accelerating.

The Hang Seng index rose 0.3 percent, to 26,470.58 points, while the China Enterprises Index gained 0.5percent, to 10,783.19 points.

Reference: Reuters, CNBC