Japan's core machinery orders in December rose slightly more than expected but remained down year-on-year, government data showed on Monday, although further gains are expected to be capped by global and domestic headwinds.

Tourism revenues in China during the Lunar New Year holidays that ended on Saturday surged by 47.3% year-on-year and surpassed 2019 levels, thanks to a domestic travel boom amid a longer-than-usual break, official data showed.

U.S. producer prices increased more than expected in January amid strong gains in the costs of services such as hospital outpatient care and portfolio management, stoking financial market fears inflation was picking up after months of cooling.

Asian shares got off to a slow start on Monday as fading chances for early rate cuts globally soured the mood, though investors are hoping China markets return from holiday with a spring in their step.

Singapore’s key non-oil exports rebounded sharply in January, aided by some improving demand in China and Southeast Asia, as well as a lower base for comparison from last year and the prior month. 

Singapore's non-oil domestic exports grew 16.8% in January from the same month a year earlier, official data showed on Friday, aided by growth in both electronic and non-electronic products.