A brand new trading week ushered in another mixed trading session for Asia, as investors' confidence wavered following data that showed further declines in China's house prices.
Uncertainty over Greece's financial crisis and future in the euro zone hung like a cloud over regional bourses as well, experts say. "Greece will be front and center this week as the country looks to secure a deal with its creditors while avoiding harsh austerity. The government reinforced it won't back down on its election promise to end austerity but this is likely to be a lot harder than they are leading on," Stan Shamu, IG's market strategist, wrote in a note.
The mainland's house price index fell 6.1 percent in April from the year-ago period, unchanged from March, according to Reuters calculations of Chinese official data released on Monday.
Meanwhile, machinery orders in Japan rose 2.6 percent on-year in March, rebounding from a 0.4 percent slip in February. Month-on-month basis, core orders, which are usually regarded as an indicator of capital spending in the coming six to nine months, grew 2.9 percent, better than the 1.8 percent forecast from a Reuters poll of economists.
U.S. equities finished narrowly mixed in choppy trade on Friday, with the S&P 500 eking out marginal gains to close at a record high for the second straight session amid disappointing data. The blue-chip Dow added 0.1 percent, while the Nasdaq Composite ended slightly below the flatline.