S&P/ASX200 index

The Hang Seng and S&P/ASX fell by 0.92% and 1.21% respectively.

The S&P/ASX rallied by 1.46% during midday trading hours.

The Straits Times Index registered the region's strongest gain at 0.74%.

The Nikkei and S&P/ASX rose by 0.99% and 0.72% respectively.

The Hang Seng and S&P/ASX hover close to a 1% decline.

Traders are also awaiting the RBA's monetary policy decision which is expected to be announced later in the day.

Investors remain concerned over Donald Trump's first meeting with Chinese President Xi Jinping this week.

China manufacturing PMI climbed to 51.8 in March, marking the highest levels seen in almost 5 years.

Investors are also concerned over ECB policymakers being wary of changing their policy.

Investors hope the US president goes ahead with his other planned stimulus policies.

Investors are said to doubt Trump's ability to push through major reforms.

The vote on whether Obamacare should remain or be replaced will be held later in the day.

Investors remain concerned over the key health care vote in Congress, which is due later in the day.

Investors are said to be re-evaluating their optimism on Trump's ability to deliver on his promises.

The mixed trend follows RBA highlighting the growing risks in the Australian housing market.

G20 leaders reiterated their warnings against competitive devaluations and disorderly foreign exchange markets.

The US central bank said there will be no pick-up in the pace of monetary tightening.

Political uncertainties such as Dutch elections and triggering of Article 50 could also affect Asian equities.

The bullish trend follows positive Wall Street close on Friday amid an encouraging US jobs report.

In South Korea, equities rose after its court upheld a 2016 parliament vote to impeach President Park Geun-hye.

China consumer-price index grew just 0.8% y-o-y in February, marking the slowest pace since January 2015.

Chinese Foreign Minister Wang Yi urged North Korea to suspend its missile and nuclear activities.

Reserve Bank of Australia leaving cash rates unchanged had a positive effect on the country's equities.

The world's second largest economy set an economic growth target of 6.5% for 2017.

According to FedWatch, there is a 74% probability that the Fed will raise rates this month.

On Wednesday, the Dow Jones Industrial Average crossed the 21,000-point mark for the first time.

The bullish trend also follows positive manufacturing data in both China and Japan.

Trump has said he would reveal more about his plans for "big" infrastructure spending in his address.

Investors also continued to remain on the sidelines amid political concerns in France.

The US President called China 'grand champions' of currency manipulation.