MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% while Australian shares were up 0.4% and South Korean shares were flat.
Asian stocks were off to a cautious start on Monday after a weekend meeting of the Group of 20 economic policymakers ended with no new coordinated action to spur global growth and as solid US data revived expectation of the US rate hike before year-end.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% while Australian shares were up 0.4% and South Korean shares were flat.
Japan's Nikkei gained 1.0% largely on the overnight fall in the yen while the US stock futures were little changed from late last week.
G20 finance ministers and central bankers agreed to use "all policy tools - monetary, fiscal and structural - individually and collectively" to reach the group's economic goals, citing a series of risks to world growth.
Some market players say the statement could mildly underpin market sentiment, but the lack of any concrete action plans provided for few catalysts.
"The G20 communique basically says 1) the world is not as bad a place as markets think; and 2) if it gets worse we will use fiscal, monetary and structural policy aggressively to fix it," Steven Englander, global head of G10 FX Strategy at CitiFX, said in a note to clients.
"In baseball parlance, they were aiming for a single in terms of restoring confidence and they probably achieved it," he added.
Fresh US economic data published on Friday revived expectations of the US Federal Reserve rate increases, helping to lift the US bond yields and the US dollar.
Consumer spending rose solidly in January and underlying inflation picked up by the most in four years. Gross domestic product (GDP) growth in the fourth quarter was revised higher to a 1.0% annual rate.
The figures prompted Federal funds rate futures to price in a more than 50% chance of one rate hike by the end of the year compared to almost 'zero' percent chance in mid-February.
The two-year US Treasuries yield also hit a four-week high of 0.817% on Friday and last stood at 0.801% versus its February 11 low of 0.582%.
The greenback's yield allure helped lift the US dollar's index against a basket of six major currencies to a three-week high of 98.26 on Friday. It last stood at 98.13.
As the US dollar gained, the euro fetched $1.0920, having slipped to a three-week low of $1.0912 on Friday. In early Asia on Monday, it traded at $1.0931, flat on the day.
The yen also slipped to one-week low of 114 to the dollar on Friday but bounced back 0.2% on Monday to 113.75.
Fears of "Brexit" offered traders a good excuse to sell the British pound, which fell to a seven-year low of $1.3854.
Although the British government managed to get G20 to agree to include a warning against "Brexit" in the statement, that appeared to have limited impact, with pound sterling trading slightly weaker at $1.3861.
In the oil market, the US crude futures were little moved at $32.76 per barrel, holding on to their 11% gains made last week, its steepest weekly rise since August.
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