Asian Markets trade Mixed, Nikkei up 0.7%, Shanghai Down 0.4%

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Asian stocks trading mixed Monday, despite futures pointing to a higher open. Australia's ASX 200 was trading effectively flat, weighed by a 0.81 percent decline in its materials subindex. 

Major Australian resource producers were under pressure, with Rio Tinto dipped 0.13 percent, Fortescue Metals down 1.32 percent and BHP Billiton was lower by 0.1 percent.

Japan's benchmark Nikkei 225 index was up 0.72 percent; while Hong Kong's Hang Seng index opened higher by 0.17 percent. Chinese markets were lower, with the Shanghai composite lower by 0.43 percent and the Shenzhen composite dropping 0.821 percent.

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