Markets in Asia were mixed on Monday with investors watching out for developments on the U.S.-China trade situation, as negotiations are set to continue in Beijing later this week.
The mainland Chinese markets, which were offline much of last week due to the Lunar New Year holidays, saw gains on the day. The Shanghai composite rose 1.36 percent to close at 2,653.90 while the Shenzhen component jumped 3.059 percent to finish its trading day at 7,919.05. The Shenzhen composite gained 2.897 percent to close at 1,347.94.
In Australia, the ASX 200 slipped 0.18 percent to close at 6,060.80. The heavily weighted financial subindex fell 1.15 percent as shares of the country's so-called Big Four banks declined. Australia and New Zealand Banking Group shed 1.3 percent, Commonwealth Bank of Australia slipped 1.24 percent, Westpac fell 1.53 percent and National Australia Bank declined 1.62 percent.
Japan's stock markets were closed on Monday for a holiday.