Australia's export price index rose 3.6%, while its import price index advanced 0.2% in the fourth quarter of 2024.

Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports. U.S. futures and oil prices rose.

Several data points are expected out of Japan later today, including CPI for January and unemployment and retail sales figures for December.

Shares were mixed in thin Asian trading on Monday after U.S. stocks edged back from their all-time high. Oil prices fell and U.S. futures sank, while Chinese shares shed some of their early gains after a survey of manufacturers showed export orders dropping to a five-month low.