Asian shares kicked off a brand new trading week with a subdued open, tracking mixed global cues.
Wall Street ended mixed on Friday; A huge rally in Google took the Nasdaq Composite to a second straight record high, while lower energy prices weighed on the blue-chip Dow and the S&P 500.
In Europe, the pan-European Stoxx 600 index closed flat, while Britain's benchmark FTSE 100 index and the German DAX ended the day 0.3 percent lower.
Australian equities treaded water on the back of weaker commodity prices.
BHP Billiton tanked 1.4 percent from the get-go, while Santos shaved off 1.2 percent after energy prices remained downbeat in early Asian trade. Newcrest Mining receded nearly 4 percent as gold prices settled at their lowest levels in five years on Friday.
Major lenders on the S&P ASX 200 index saw a mixed open following the Australian Prudential Regulatory Authority's (APRA) decision to increase the amount of bank capital for residential mortgage loans. The regulator announced early Monday it will raise the bank capital requirements for home loans to at least 25 percent, from 16 percent currently, starting July 2016.
Australia and New Zealand Banking, Commonwealth Bank of Australia and National Australia Bank wavered near the flatline, while Westpac Banking opened down 0.1 percent.
Read MoreThis week in Asia: 5 key data to watch
Kospi slips 0.1%
South Korea's Kospi index stepped slightly into negative territory in early trade.
The heaviest weighted stock, Samsung Electronics, eased 1 percent, contributing significant downward pressure on the bourse. Samsung C&T and Cheil Industries extended losses to plunge 2.3 and 2 percent, respectively, after a majority of the former's shareholders approved a merger with its sister company on Friday.
Shares of both companies plummeted 10.4 and 7.7 percent, respectively, in the previous session.
Outperforming the bourse, chemicals and battery maker LG Chem climbed 2.7 percent after announcing a 56 percent rise in second-quarter net profit on Friday.
Meanwhile, markets in Japan and Indonesia are closed for public holidays.
Wall Street ended mixed on Friday; A huge rally in Google took the Nasdaq Composite to a second straight record high, while lower energy prices weighed on the blue-chip Dow and the S&P 500.
In Europe, the pan-European Stoxx 600 index closed flat, while Britain's benchmark FTSE 100 index and the German DAX ended the day 0.3 percent lower.
Australian equities treaded water on the back of weaker commodity prices.
BHP Billiton tanked 1.4 percent from the get-go, while Santos shaved off 1.2 percent after energy prices remained downbeat in early Asian trade. Newcrest Mining receded nearly 4 percent as gold prices settled at their lowest levels in five years on Friday.
Major lenders on the S&P ASX 200 index saw a mixed open following the Australian Prudential Regulatory Authority's (APRA) decision to increase the amount of bank capital for residential mortgage loans. The regulator announced early Monday it will raise the bank capital requirements for home loans to at least 25 percent, from 16 percent currently, starting July 2016.
Australia and New Zealand Banking, Commonwealth Bank of Australia and National Australia Bank wavered near the flatline, while Westpac Banking opened down 0.1 percent.
Read MoreThis week in Asia: 5 key data to watch
Kospi slips 0.1%
South Korea's Kospi index stepped slightly into negative territory in early trade.
The heaviest weighted stock, Samsung Electronics, eased 1 percent, contributing significant downward pressure on the bourse. Samsung C&T and Cheil Industries extended losses to plunge 2.3 and 2 percent, respectively, after a majority of the former's shareholders approved a merger with its sister company on Friday.
Shares of both companies plummeted 10.4 and 7.7 percent, respectively, in the previous session.
Outperforming the bourse, chemicals and battery maker LG Chem climbed 2.7 percent after announcing a 56 percent rise in second-quarter net profit on Friday.
Meanwhile, markets in Japan and Indonesia are closed for public holidays.
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