Markets in Japan and Australia finished slightly higher on Monday, with several major exchanges closed for a Labor Day public holiday.
Australia's ASX 200 closed up 32.33 points, or 0.55 percent, at 5,956.40, with most sectors finishing higher. The energy and materials sectors closed down 0.13 percent and 0.05 percent respectively.
Oil plays struggled for gains and finished mostly lower. Oil Search shares closed down 0.55 percent, Santos was down 0.86 percent, Woodside Petroleum bucked the downward trend to close fractionally higher by 0.16 percent. Beach Energy fell 1.36 percent and Origin Energy was down 0.14 percent.
U.S. oil prices was down 0.14 percent at $49.26 a barrel at 2:05 p.m. HK/SIN on Monday.
The week sets up for several key events, including central bank decisions in Australia and the United States, a second round of presidential election in France and corporate earnings.
"We have the Fed funds futures pricing at 64 percent chance of a June hike (from the Federal Reserve), but the pricing mechanism could also easily change given we have pretty much every key piece of U.S. economic data being released," said Chris Weston, chief market strategist at spreadbettor IG, in a note.