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Asia-Pacific markets traded mostly higher Monday as investors appeared to look past the latest tariff developments.

Japan's Nikkei 225 lost 0.84%, and the Topix declined 1.57%, after hitting a record high Friday. Sony Financial Group rose 36% on market debut compared to its reference price , after parent company Sony Group spun off the financial division.

The financial arm was assigned a reference price of 150 Japanese yen per share, valuing the company at around 1 trillion yen (over $ 7 billion).

Sony Group said the separation allows the financial arm, which includes Sony Life Insurance, Sony Assurance and Sony Bank, to raise its own growth capital while maintaining brand ties with the wider Sony

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