On the other hand, Fast Retailing lost 4.1% after the operator of Uniqlo casual clothing change said its domestic sales declined 0.6% in May from a year a earlier, the first fall in a year.
In Hong Kong, Chinese H-shares fell 0.33% to 10,916.14, while the Hang Seng Index was down 0.4% at 29,179.93 as global investors weighed ifnlation concerns ahead of US economic data.
The rollout of vaccines around the world has allowed leaders of key economies including the United States and Europe to wind back the containment measures that sparked a recession last year.
The calm reaction marked a change from recent times, with benchmark 10-year Treasury yields, a key gauge of future interest rates, inching down slightly.
Singapore shares, however, climbed 0.7% after suffering their sharpest fall in 11 months on Friday. The city-state has now closed schools to combat the resurgence of COVID-19 cases.
Latest data showed China's new investors grew in April at its slowest pace in 13 months, hit by a lack of upside momentum for the stock market and persistent worries over policy tightening.
Yields on US 10-year notes spiked to the highest since early 2020 overnight, dragging down global and Asian equity markets as richly priced tech stocks declined.
"This week does not necessarily mark the end of the rally. New fund flows from retail investors could continue for a while," said Thomas Gatley, China corporate analyst at Gavekal.
The announcement sent shares in Hong Kong Exchanges and Clearing (HKEX) down 11%. Its shares closed down 8.8% at HK$509, the biggest daily percentage fall in five-and-a-half years.
The city's budget deficit is expected to hit a record HK$257.6 billion ($33.2 billion) for 2020/21.
"The mega-cap sectors and stocks that benefitted from the Covid-19 pandemic stay-at-home (SAH) environment, weak economic activity, and new lows in fixed income yields have been giving way" to the recovery theme, said Canaccord Genuity equity strategist Tony Dwyer, adding the selling could worsen.