Asian stock markets trade mixed

Asian stocks were mixed Monday with multiple markets closed for holidays.

Markets in Taiwan, China and Hong Kong were closed for the Dragon Boat Festival. The Australian market was closed in observance of the Queen's Birthday.

In Asia, the Nikkei 225 in Tokyo gained 0.7% to 29,161.80 while the Kospi in Seoul added less than 0.1% to 3,248.36.

Japanese shares posted gains as the government lifted the COVID-19 state of emergency in Olympics city Tokyo.

Toshiba Corp shares jumped 2.7 percent. The conglomerate said it has amended slate of nominees for directors, committee members and executive officers as major shareholders demanded accountability after an investigation showed unfair practices in last year's board selection process.

India’s Sensex lost 0.3% to 52,306.12. New Zealand and Bangkok gained while Singapore and Jakarta retreated.

China's Shanghai Composite declined 21.11 points or 0.58 percent to 3,589.75.