Asian equities kicked off trade on Monday mixed as investors monitored earnings reports, but record highs in the U.S. last week boosted sentiment.
On Wall Street, the Nasdaq Composite and S&P 500 both closed at record highs on Friday following tech third-quarter earnings reports. Among big movers, Microsoft rallied 10 percent after posting earnings of 61 cents per share on $21.73 billion on revenue that beat estimates.
Japan’s benchmark index extended losses following a nearly 1 percent decline on Friday as investors concentrated on first-quarter earnings results from heavyweights Canon and Fanuc.
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