TOKYO: Asian stocks were mixed, with Japanese and Chinese shares up, while the dollar stood at a 7-month high against its peers on Monday after robust U.S. jobs data bolstered expectations of an imminent Federal Reserve interest rate hike.

The stronger dollar in turn knocked commodities like crude oil and gold. With the U.S. jobs release out of the way, spreadbetters are forecasting a slightly higher open for Britain's FTSE, Germany's DAX and France's CAC.

Data on Friday showed nonfarm payrolls increased 271,000 in October, the largest gain since last December 2014. The U.S. unemployment rate fell to 5.0 percent, the lowest since April 2008.

However, the prospects of the Fed hiking rates for the first time in almost a decade and ending seven years of easy monetary policy, which has pump-primed global markets with flush liquidity, weighed on some riskier assets.

MSCI's broadest index of Asia-Pacific shares outside Japan declined 1 percent, while Australian shares lost 1.6 percent on lower commodity prices. South Korea's KOSPI dropped 0.6 percent and Indonesian shares lost 1.6 percent. The gainers included Tokyo's Nikkei which rose 2 percent thanks to a sharply weaker yen against the dollar.

Shanghai shares advanced 1.6 percent after securities regulators said it would allow initial public offerings to resume after a July halt.

The gains also followed disappointing Chinese trade data released on Sunday that showed the world's second largest economy will have to do more to stimulate domestic demand.