Market focus is largely aligned with global trade developments, with a delegation of US officials set to travel to China for the next round of negotiations this week.
The last set of trade talks will take place in Beijing from Monday. It comes after discussions in Washington last week, concluded without agreement.
Both sides are trying to secure a comprehensive trade agreement before March 1, when US $ 200 billion US tariffs of Chinese imports are scheduled to increase to 25 percent from 10 percent.
Increasing tensions between the world's two largest economies have cost both countries billions of dollars and ruled global financial markets.
In Asia, Chinese shares are whipped on Monday after they resumed trading after a week-long New Year's holiday. The Blue-chip index increased by 0.4 percent, but trading volumes are still expected to be light with Japan on a holiday holiday.
MSCI's widest index for Asia-Pacific shares, except Japan, was around 0.1