Asian stocks were down following a mixed session on Wall Street as traders look ahead to decisions from the Federal Reserve and the Bank of Japan this week.

Equities in Sydney rose while those in Tokyo declined. Futures for US stocks were slightly down after the S&P 500 closed 0.1% higher and the Nasdaq 100 slid 0.5%, with investors maintaining a rotation out of the tech megacaps that has powered the bull market in stocks. Markets in China and South Korea remain shut for public holidays.