Asian bourses were mixed on Monday, with China markets outperforming the region after a new launch date was announced for an anticipated cross-border trading link.
Mixed Chinese economic data weighed on sentiment. Consumer price inflation remained at a near five-year low last month, easing concerns of deflation risks for the world's second biggest economy. But the wholesale sector stayed entrenched in a deflationary spiral with the producer price index falling by a worse-than-expected 2.2 percent on year.
Over the weekend, data showed Chinese exports rose 11.6 percent in October, above forecasts but slowing from a 15.3 percent jump in September. Imports increased an annual 4.6 percent, pulling back from a 7 percent rise in September.
An uninspiring handover from Wall Street on Friday also capped gains. U.S. stocks finished mixed last Friday after nonfarm payrolls increased by 214,000 last month, less than the 231,000 anticipated, and the jobless rate at 5.8 percent, a six-year low.