Asian equities were mostly higher overnight, supported by easing trade tensions between the United States and China and positive sentiment from President Trump, who is in the region. Hong Kong was closed for Chung Yeung Day, which is also known as "Tomb Sweeping Day" and is when families honor their ancestors.

Asia markets were set to open higher Monday, after top U.S. and Chinese trade negotiators announced they had reached agreement on several disputed issues.

Trump says US and China set to ‘come away with’ a trade deal