Asian markets had a mixed performance on Monday following the US Congress's last-minute deal to avoid a government shutdown 

Investor attention is expected to focus on the outlook for US interest rates, with Federal Reserve Chairman Jerome Powell scheduled to give a speech 

US stocks closed lower on Friday, with the Dow and S&P 500 down 0.5 percent and 0.3 percent, respectively, due to concerns of a government shutdown. The Nasdaq saw a small gain 

Tokyo's market led the gainers, surging 1.4 percent, thanks to increased optimism among Japan's largest manufacturers according to the Bank of Japan's Tankan survey 

Taipei, Jakarta, Bangkok, and Singapore also saw gains, while Hong Kong, South Korea, and India were closed for holidays. Mainland China's markets were closed for a week-long holiday 

Sydney, Wellington, Kuala Lumpur, and Manila experienced declines in their markets 

Investors initially felt relief after the US government shutdown was averted, but concerns about interest rates and Federal Reserve policy remained 

Federal Reserve Chair Powell was scheduled to participate in a round-table discussion with workers and small-business owners, where his hints on rates would be closely watched 

The upcoming jobs report was anticipated to provide insights into the future direction of US yields and stocks, given the continued focus on interest rates 

Speculation arose about possible government intervention to support the weakening yen, influenced by the Bank of Japan's monetary policy amid the Federal Reserve's consideration of rate hikes