Asia-Pacific markets are mixed ahead of key inflation reports this week, including the U.S. consumer price index report due Wednesday and the producer price index on Thursday.
In the region, China's consumer price index was flat in June year-on-year, its lowest level since February 2021. Meanwhile, producer prices fell 5.4% year-on-year, the fastest rate of decline since December 2015.
U.S. Treasury Secretary Janet Yellen concluded her visit to Beijing, and said that the talks were "direct" and "productive," putting bilateral ties on "surer footing."
In Japan, the Nikkei 225 fell 0.61% to close at 32,189.73, extending its losing streak to five days, with the Topix seeing a 0.61% loss to end at 2,243.33.
South Korea's Kospi closed 0.24% lower at 2,520.7, also seeing its fifth straight day of losses, and the Kosdaq saw a loss of 0.8% to end at 860.25.
Australia's S&P/ASX 200 fell 0.54% to 7,004, its lowest level since March 27.
Hong Kong's Hang Seng index rebounded and climbed 0.58% in its final hour of trade, with mainland Chinese markets also all higher. The Shanghai Composite gained 0.22%, closing at 3,203.7 and snapping a three day losing streak, while the Shenzhen Component rose 0.5% on Monday to end at 10,942.83.
On Friday, U.S. markets closed lower on fears that the U.S. Federal Reserve will hike rates this month, with all three major indexes falling.
The Labor Department's June jobs report showed payrolls increased less than expected, cooling down from May. Nonfarm payrolls rose by 209,000, while the unemployment rate came in at 3.6%.
The Dow Jones Industrial Average saw the largest loss of 0.55%, while the S&P 500 shed 0.29% and the Nasdaq Composite shed 0.13%.
— CNBC's Samantha Subin and Brian Evans contributed to this report
