The Tokyo Tower is located in a building at dusk in Tokyo, Japan.
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The Asia-Pacific market traded almost to the top on Monday as investors assessed the Japanese Prime Minister's resignation and saw key economic data in the region.
Japanese benchmark Nikkei 225 A few weeks after the Japanese prime minister put pressure on his national election defeat at the end of last year, it rose 0.95% after the Japanese prime minister announced his resignation on Sunday. Topix rose 0.51%.
The Japanese yen fell 0.64% against the greenback to 148.33.
“Currently, Japan is set to an extended period of uncertainty entering the fourth quarter of 2025,” wrote analysts at BMI, a unit of Fitch Solutions. “The next LDP leader will usually be automatically prime ministers, but in theory, the opposition could unite under the prime minister's rival candidate.”
Korea's Kospi jumped 0.15% higher, while the smaller Kosdaq jumped 0.47%.
Hong Kong's Hangsen Index futures were 25,344, lower than the final 25,417.98.
Australian benchmark S&P/ASX 200 slides 0.38%.
The focus will also be on China's trade data for August.
Oil prices have risen after OPEC+ announced it over the weekend. This will lift oil production again from October, but the group is slowing down the pace of its hikes. At an online meeting on Sunday, eight OPEC+ members agreed to increase 137,000 barrels a day from October to 137,000 barrels a day. It was well below the increase of around 555,000 bpd in September and August and 411,000 bpd in July and June.
Global Benchmark Brent added 0.53% to $62.2 per barrel, while U.S. West Texas midterm futures traded 0.6% higher at $65.89 per barrel.
US stock futures remained little different as investors prepared for a week filled with data that included two detailed measurements of inflation. The August producer price index report is scheduled to be published in the state on Wednesday morning, followed by the consumer price index on Thursday.
Last Friday, all three major US averages last week, with employment reports weaker than expected, giving way to worry about slowing the economy despite solidifying expectations for federal cuts.
The S&P 500 fell 0.32% at 6,481.50, but Nasdaq composites fell 0.03% to 21,700.39. The Dow Jones industrial average closed at 45,400.86 at 220.43 points (0.48%).
All three major indices reached new record highs early in Friday's session. At its peak, the broad market index, the high-tech Nasdaq and Blue Chip Dow rose by around 0.5%, 0.8% and 0.3%, respectively.
– CNBC's Brian Evans and Sean Conlon contributed to this report.