Asia-Pacific markets traded mixed Monday, while the Reserve Bank of Australia will kickstart its two-day policy meeting where it is expected to hold its cash rate steady at 3.6%, according to a Reuters poll .

"The RBA are likely to find themselves in a tougher position than recent meetings. There is real tension building in the data flow," the Commonwealth Bank of Australia wrote in a note, citing how the country's August CPI indicates "material upside risks to Q3 inflation" as well as a a cyclical upswing in the activity data. However, CBA's economists also pointed to signs of softer employment and moderating wages growth.

Australia's S&P/ASX 200 rose 0.43%.

South Korea's Kospi added 1.05% and the small-cap Kosdaq was 0.82% higher.

Japan's Nikkei 225 lost 0.68%, and th

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