Asian markets traded mixed in early deals on Monday, due to the uncertainty in the market with the ongoing US-China trade talks, and geopolitical developments. Contraction in China's recent manufacturing activity data raised concerns about growth prospects in the region. Rally in technological sector stocks supported the local indices. While, rising oil prices benefited energy stocks. Hang Seng extended losses for a third straight session, though the index is on track to log the second straight monthly advance, jumping around 3.7% so far. Japan’s Nikkei soared to highest levels in nearly a year, albeit US-Japan trade friction remains unresolved. The 25% US tariff on Japanese car imports continues to be a sticking point in bilateral negotiations.

Nikkei 225 rose by 554.65 points or 1.38% to 40,705.44, KOSPI Index increased by 28.34 points or 0.93% to 3,084.28, Jakarta Composite added by 10.35 points or 0.15% to 6,907.75, and Shanghai Composite lifted by 6.95 points or 0.20% to 3,431.18.

On the flip side, Hang Seng down by 101.20 points 0.42% to 24,182.95, Straits Times dipped by 1.11 points 0.03% to 3,965.09, Taiwan Weighted slipped by 94.75 points 0.42% to 22,485.33, and FTSE Bursa Malaysia KLCI lower 0.22 points or 0.01% to 1,527.94.