Nikkei 225 was largely unchanged, KOSPI edged 0.3% higher, Nifty 50 ticked 0.1% lower, the blue chip Shanghai Shenzhen CSI 300 climbed more than 1%, while Hang Seng index dropped 1.1%

Asian stock markets were rangebound on Monday as they assessed Japan’s downwardly revised economic growth figures.

Nikkei 225 was largely unchanged on Monday, while KOSPI edged 0.3% higher.

S&P/ASX 200 and Straits Times Index dropped 0.3%, each.

Nifty 50 ticked 0.1% lower at open.

Chinese shares saw large swings, with the blue chip Shanghai Shenzhen CSI 300 climbing more than 1%. Hang Seng index dropped 1.1%.

Investor sentiment in Asia was further influenced by revised economic data from Japan. Official figures showed that Japan’s economy contracted more sharply in the third quarter than previously estimated.

Annualized GDP declined by 2.3%, down from the earlier estimate of 1.8%, reflecting weaker capital expenditure and softer domestic demand.

Despite the downward revision, the weaker third quarter growth is unlikely to derail expectations for a near-term rate hike by the Bank of Japan (BOJ).

Meanwhile, U.S. stock futures were largely muted in Asia hours after weekly gains.

Markets were supported by firm expectations that the U.S. central bank would lower interest rates later this week.

Recent signs of slowing economic momentum in the country, including weaker employment indicators, have pushed the probability of a 25‑basis‑point cut to nearly 85%, boosting hopes that lower borrowing costs could support growth and equities.

However, optimism was tempered by caution as some central bank officials hinted that a December rate cut is far from certain. Central bank Chair Jerome Powell earlier emphasized that the upcoming decision “is not a foregone conclusion, far from it,” keeping investors wary of potential hawkish surprises.