Asian stocks turned mixed on Monday following a record high on the S&P 500 on Friday and a decisive victory for billionaire Petro Poroshenko in Ukraine's presidential election.
A better-than-expected April home sales report saw U.S. stocks gain for a third day on Friday, with the S&P 500 closing above 1,900 points for the first time ever.
Political developments over the weekend are in focus. In Ukraine, exit polls showed Petro Poroshenko winning the presidential election with 55 percent of the vote. Poroshenko has promised to restore order following months of fighting between pro-Russian forces and the government.