Asia-Pacific markets trade mixed on Monday; stocks in mainland China spiked over 6% on mixed PMI data, while Japan’s Nikkei tumbled 4.64% on Monday on Ishiba's dovish remarks and as investors assessed key economic data from the two countries.

Japan's Nikkei 225 is set to plunge over 6% on open, based off futures data. The futures contract in Osaka stands at 37,440 compared to the index's previous close of 39,038.16. China will release its official PMI numbers for September,

The week is packed with major US economic data including a payrolls report that could decide whether the Federal Reserve delivers another outsized rate cut in November