Stocks in Asia traded mixed on Monday morning as investors look for further developments on U.S.-China trade.

Overall, the MSCI Asia ex-Japan index traded 0.05% lower.

In Japan, the Nikkei 225 rose fractionally in early trade while the Topix index was largely flat. South Korea’s Kospi slipped 0.13%.

Shares in Australia edged lower in morning trade, with the S&P/ASX 200 down about 0.4% as most of the sectors slipped.

Investors will continue to monitor developments on U.S.-China trade. Chinese Vice Premier Liu He had a phone call Saturday morning with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer regarding a “phase-one” trade deal, Chinese state media outlet Xinhua reported over the weekend.

Source : CNBC