Asian equities were mostly higher on Monday as investors brushed off weak data, with China's benchmark index rising to a three-year high.
Chinese trade data revealed a sharp slowdown in November exports and imports. Still, the country's trade surplus rose to $54.5 billion, beating estimates.
"Overall, this data is likely to drive stimulus expectations. Investors are hoping to see an RRR cut and with a raft of releases out of China this week, any disappointment will drive these expectations higher," said Stan Shamu, market strategist at IG.
Read MoreChina data to dominate week in Asia
A strong lead from Wall Street also boosted sentiment. The S&P 500 and Dow ended at record highs on Friday after U.S. employers created 321,000 jobs last month, the largest gain since January 2012.