Tokyo falls 0.2%
Japanese shares lost early momentum as the yen strengthened to trade at 102.3 against the U.S.dollar. It had been an extremely choppy trade, with the benchmark Nikkei touching a three-week high earlier in the session then falling as much as 1.4 percent.
Index heavyweight Softbank fell 0.3 percent, while automaker Honda Motor slid 0.5 percent.
Outperforming the bourse was Rakuten, which gained nearly 3 percent. Sony added on 0.5 percent, after news that the company's Playstation 4 game console met with long lines of buyers last weekend.
Australia's benchmark S&P ASX 200 managed to stretch its rally into a seventh consecutive session, by overcoming a choppy session to inch up modestly by 0.03 percent.
Index heavyweights Telstra Corporation and Wesfarmers, which were going ex-dividend, lost 2 percent each while drilling services firm Boart Longyear slumped 15 percent, after posting a full-year loss for 2013.
Majority of the mining stocks were also down; Rio Tinto slipped 1 percent while Fortescue Metal and Whitehaven Coal dropped 0.6 percent respectively.
(Read more: CFOs signal fears of consumer spending slump)
Korea down 0.5%
After touching a near one-month high of 1,957 at the end of last week, South Korean shares retreated into negative territory on Monday, as tumbling China stocks weighed on sentiment.
Chungho ComNet was the top loser, tumbling 15 percent. Blue-chip stocks including Kepco and Posco closed in the red with a 1.4 and 0.6 percent loss.
Samsung, which is due to unveil its latest Galaxy S5 smartphone at a mobile trade show in Barcelona on Monday, closed 0.2 percent lower.
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