Asia markets mostly rose on Monday, following a higher finish on Wall Street Friday after a report said China and U.S. negotiators are working on a plan to end a trade dispute that would result in meetings between President Donald Trump and Chinese leader Xi Jinping in November.

Japan's closed 71.38 points, or 0.32 percent, to 22,199 while the Topix declined 5.38 points, or 0.32 percent, to close at 1,692.15.

In South Korea, the Kospi closed near flat at 2,247.88.

Hong Kong's Hang Seng index rose 1.25 percent as of 3:36 p.m. HK/SIN as major casino stocks advanced. Wynn Macau shares jumped 8.65 percent.

Chinese mainland markets closed in positive territory, as the gained 1.11 percent to 2,698.47 while the Shenzhen composite ended the trading day 0.602 percent up at 1,451.07.

Australia's ASX 200 closed near flat at 6,345. The materials sector rose 1.12 percent while the heavily weighted financials subindex fell 0.52 percent.

Shares of Australia's major banks fell: ANZ declined 0.76 percent, Commonwealth Bank was lower by 0.92 percent and Westpac fell 0.63 percent. The National Australia Bank erased gains to trade down 0.28 percent.

Meanwhile, shares of major miners traded up with Rio Tinto adding 0.31 percent, Fortescue gaining 1.19 percent and BHP rising by 1.31 percent.

Fortescue said on Monday that its annual profit halved as prices for its lower quality iron ore fell, Reuters reported. The miner said that its underlying net profit after tax came at $1.08 billion, down from $2.13 billion a year ago.