Asia markets were mixed on Monday as energy stocks declined after oil prices fell last week to their lowest levels in more than a year.
Chinese markets erased earlier gains to close lower: The Shanghai composite was down 0.14 percent to close at around 2,575.81 while the Shenzhen composite slipped 0.316 percent to 1,330.92.
Hong Kong's Hang Seng index gained 1.62 percent in late-afternoon trade.
Investors are looking ahead at a highly anticipated meeting between President Xi Jinping and President Donald Trump at the upcoming G-20 summit in Buenos Aires, Argentina, which is scheduled to happen at the end of this week.
"I think at the moment both China and America are being hurt by this trade war," David Kuo, CEO of The Motley Fool Singapore, told CNBC's "Street Signs" on Monday.
"There is no denying that," he said. "I think this G-20 they'll sit down and they'll have a discussion and they'll go: 'Let's cool it off for a bit.'"
Over in Australia, the benchmark ASX 200 fell 0.78 percent to 5,671.60, with the energy subindex down 2.46 percent and the materials sector off by 2.47 percent.
Major miners declined: Shares of Rio Tinto fell 3.56 percent while Fortescue Metals Group declined 3.99 percent. BHP Billiton dropped 3.55 percent. Metal prices fell on Friday amid concerns over weaker demand from China.