Markets in Asia were mixed on Monday, as Japanese shares rose slightly in late afternoon trade, after an initially muted reaction to data that showed the country's exports fell less than expected in September, despite a relatively stronger yen.
The benchmark Nikkei 225 closed up 49.83 points, or 0.29 percent, at 17,234.42. The Japanese yen strengthened from levels near 103.90 before the release to a session high of 103.78. As of 2:11 p.m. HK/SIN, the dollar/yen traded at 103.89.
Government data showed September exports fell 6.9 percent on-year, shallower than a Reuters forecast for a 10.4 percent drop. Export volume was up 4.7 percent in the year to September, while imports fell 16.3 percent on-year, in line with market expectations, reported Reuters.
Other data were more positive, with Japan's preliminary Markit/Nikkei October manufacturing purchasing managers index (PMI) rising to 51.7 from 50.4 in September, the fastest expansion in nine months, Reuters reported. Readings over 50 indicate expansion, while levels below indicate contraction.
Across the Korean Strait, the Kospi closed up 14.74 points, or 0.73 percent, at 2,047.74. In Hong Kong, the Hang Seng index was up 0.91 percent in late-afternoon trade. Chinese mainland shares were also positive, with the Shanghai composite climbing 37.46 points, or 1.21 percent, to 3,128.40, while the Shenzhen composite rose 17.64 points, or 0.86 percent, to 2,070.20.
Major indexes in the Philippines and Vietnam traded lower in late-afternoon trade.
Australia's ASX 200 closed down 21.81 points, or 0.40 percent, at 5,408.50, with most sectors finishing lower. The heavily-weighted financial sector finished flat.
Shares of Australia's so-called Big Four banks were mixed, with ANZ up 0.28 percent, retracing its 0.3 percent early loss; Commonwealth Bank of Australia was 0.31 percent lower, while Westpac erased slight losses to close up 0.46 percent. National Australia Bank was down 0.40 percent.