Asian markets trading on a mix note, China back after a long vacation

Major Asian markets are trading on a mix note at the start of the new week. At the data front, Japan released prelim GDP data with negative numbers at -0.4% vs 0.3% previous release while China released trade balance data with positive numbers at 406B vs 382B previous release.

Nikkei 225 index was trading 5.12% higher at 15718 points and Japan's broader Topix gauge surging over 5% to 1,259.54 points.

Mainland China's benchmark Shanghai Composite index plunged 2.86% to 2,684.57 points at the open.

South Korea's Kospi index was trading 1.29% higher at 1,858.87 points on Monday morning in Asia, while Hong Kong's main index, the Hang Seng, was trading 2.42% higher at 18,762.86 points at the open.

The S&P/ASX 200 index was trading 1.04% higher at 4,815.50 points, while New Zealand's benchmark S&P/NZX 50 rallied 1.52% to 6,024.26 points on Monday afternoon in Wellington.