Property developers weighed on the index after a report suggested the government may introduce a nationwide property tax in 2015. China Merchants Property tumbled 4 percent while Poly Real Estate lost over 2 percent.
Railway stocks China South Locomotive & Rolling and China Railway Construction rose 7 and 2.5 percent, respectively, on reports Beijing has opened a second batch of tenders for high-speed trains this year.
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Investors also digested a raft of economic data released over the weekend. Annual consumer inflation climbed to an eight-month high of 3.2 percent in October while industrial output rose an annual 10.3 percent in the same period.
Sydney eases 0.2%
Australian equities pared losses after hitting an eleven-day high earlier in the session.
Weakness in the banking sector weighed on the benchmark index. National Australia Bank fell 1.7 percent while Commonwealth Bank of Australia eased 1 percent on profit-taking.
Explosives maker Orica rose 11.6 percent after posting a 49 percent surge in full-year profit.
Kospi eases 0.4%
South Korea's benchmark gave up early gains to fall below the flat line, hovering near Friday's two-month closing low.
Memory chip maker LG Display fell 2 percent after local brokerages lowered the firm's operating profit estimates for the fourth quarter.
Index heavyweight Samsung Electronics gained 1 percent as investors went bargain hunting following the stock's 2 percent decline on Friday.
— By CNBC.com's Nyshka Chandran. Follow her on Twitter