Asia markets had little consistencies to them on Monday as energy stocks declined after oil prices fell last week to their lowest levels in more than a year.
Markets in Japan returned from a long weekend, as the Nikkei 225 jumped 165.45 points, or 0.8%, to 21,812.
Inpex fell 2.4% while JXTG dropped 2.3%and Japan Petroleum Exploration saw losses of 2.7% Fuji Oil, on the other hand, rose 1.6%.
The Japanese yen was at 113.21 against the U.S. dollar after seeing an earlier high of 112.85.
In Hong Kong, the Hang Seng Index hoisted 448.5 points, or 1.7%, to 26,376.18
Australian markets dipped, with the energy sub-index down 2.5% and the materials sector also off by 2.5%
Major miners declined: Shares of Rio Tinto fell 3.6% while Fortescue Metals Group declined 4%. BHP Billitondropped 3.6%. Metal prices fell on Friday amid concerns over weaker demand from China.
Friday's declines further ramp up the pressure on the Organization of the Petroleum Countries (OPEC) ahead of a much-anticipated meeting between the influential oil cartel and its allies in Vienna on Dec. 6, when they are expected to announce that output will be curtailed.
Australia's Santos fell 4.7%, Oil Search was down 4%, Woodside Petroleum declined 2.3% while Beach Energy dropped 3.9%.
The Australian dollar traded at $0.7259 U.S. after climbing from a low of $0.7220 U.S.
South Korea's S-Oilfell 3.2% while SK Innovation declined 1.8%
CHINA
In Shanghai, the CSI 300 slid 2.24 points to 3,141.24
The losses in oil extended to China, where shares of PetroChina fell 0.5% and China Petroleum & Chemical, also known as Sinopec, slipped 0.9%
Investors are looking ahead at a highly anticipated meeting between President Xi Jinping and President Donald Trump at the upcoming G-20 summit in Buenos Aires, Argentina, which is scheduled to happen at the end of this week.
In other markets
In Taiwan, the Taiex index regained 98.06 points, or 1%, to 9,765.36
In Korea, the Kospi index restored 25.54 points, or 1.2%, at 2,083.02
In Singapore, the Straits Times Index added 40.89 points, or 1.3%, to 3,093.38
In New Zealand, the NZX 50 backtracked 39.01 points, or 0.5%, to 8,662.37
In Australia, the ASX 200 slumped 44.63 points, or 0.8%, to 5,671.57
