Asian equities were mixed overnight as Mainland China outperformed and the US dollar strengthened.

China's mainland shares posted modest gains as a central bank lending rate cut boosted real estate stocks, but investors awaited more details on government stimulus.

The stimulus of China’s economy continued today as key interest rates were cut, pushing its stock market higher.

The trading week in Asia opens against an increasingly bullish global backdrop fueled by continued strength in US stocks, but with local sentiment more circumspect due to the uncertainty surrounding China's deep-rooted economic problems.