Asian markets were mixed on the first trading day of the week, hit by unexpected news that Japan had slipped into recession, and as mainland markets reacted to the launch of the Shanghai-Hong Kong stock connect.
Japan's economy shrank in the third quarter, data showed on Monday, defying expectations for growth. Gross domestic product (GDP) contracted an annualized 1.6 percent, compared with a Reuters forecast for a 2.1 percent gain. The economy contracted 7.3 percent in the second quarter.
U.S. stocks finished flat last Friday, with the S&P 500 rising a fraction of a point to notch another record, as investors tracked the price of oil and after October retail sales rose 0.3 percent, just above expectations, along with a jump in consumer confidence for November.