Asian equities traded mixed on Monday, as an unexpectedly weak trade report from China over the weekend, along with a selloff in U.S. shares last Friday, depressed trading sentiment.
Mainland trade data announced on Sunday showed exports fell 3.3 percent from a year ago, while imports tumbled 19.9 percent, missing analysts' expectations. China is a key trading partner of many Asian countries like Australian and South Korea; markets in both countries traded lower in the morning session.
Meanwhile, U.S. stocks closed down last Friday amid continued concerns over Greece and a strong jobs report that renewed the possibility of an earlier Fed rate hike. For January, the Labor Department said the U.S. created 257,000 jobs, beating estimates of about 230,000. More importantly, average hourly earnings grew by 0.5 percent, above estimates.