Asian stock markets ended mixed in holiday-thinned trade on Monday. Most of the markets including Hong Kong and Singapore were closed in observance of the Christmas Holiday Monday.

Tokyo shares advanced, led by gains from exporter companies as better-than-expected reports on U.S. new home sales and durable goods orders fueled optimism over the outlook for the world's largest economy.

The Japanese benchmark index, Nikkei, gained 1 percent or 84.18 points to 8,479.34. Fanuc Corp. surged 2.8 percent and Sony Corp. advanced 1.6 percent, while Toyota Motors gained 0.64 percent.

Chinese shares declined on news that the government will cut railway construction spending and maintain property curbs next year, Bloomberg reported.

Benchmark Shanghai composite fell 0.67 percent or 14.67 points to 2,190.11 and Seoul composite declined 0.56 percent or 10.52 points to 1,856.70.

China Minsheng Banking Corp Ltd. declined 1.83 percent and China Construction Bank Corp declined 0.43 percent.

Daewoo Shipbuilding & Marine Engineering plunged 3.87 percent after the company said that it expects new orders to drop 23 percent next year as shipping lines struggle with an oversupply of vessels and falling rates.