Shanghai's Composite index rose, Tokyo's Nikkei 225 fell, as China's official manufacturing PMI reached 50.8 in March.

Asian markets showed mixed performance on Monday, with Shanghai gaining 1% after surveys indicated improvements in China's manufacturing conditions. Shanghai's Composite index rose to 3,072.29, while Tokyo's Nikkei 225 fell by over 1.2%. China's official manufacturing PMI, or purchasing managers index, was at 50.8 in March, its strongest reading since March 2021.