South Korea's Kospi index rose in early trade to a record high of 3,420.23 on Monday, marking its 10th straight session of gains, after Finance Minister Koo Yun-cheol said that the government will scrap its previous plan to raise taxes on stock investments.

The small-cap Kosdaq gained 0.15%

Elsewhere, Asia-Pacific markets traded mixed as investors kept an eye on the talks between the U.S. and China in Spain, and assessed a slate of data from Beijing.

U.S. and Chinese officials began talks in Madrid Sunday to discuss key national security, economic, and trade issues, including the upcoming deadline to divest Chinese short video app TikTok and U.S. tariffs .

Delegations led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with their

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