Asian stocks traded lower across the board early Monday, with investors reacting to key economic data from the region.Revised government data showed Japan's revised first-quarter gross domestic product (GDP) expanded an annualized 3.9 percent, much higher than the preliminary reading of a 2.4 percent increase, signaling the country's growth recovery. On a quarter-on-quarter basis, the economy grew 1 percent, higher than the preliminary reading of 0.6 percent.
Meanwhile, the country's current account balance for April came in at 1.3 trillion yen, down from 2.9 trillion yen in the previous month.
On Friday, US stocks closed narrowly mixed as investors eyed developments in Greece and weighed a bond yield rally on a strong jobs report, which supports the case for a rate hike this year. The Dow Jones Industrial Average and S&P 500 eased 0.3 and 0.1 percent, respectively, while the tech-heavy Nasdaq inched up 0.2 percent.
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