World shares were mixed on Monday and U.S. futures advanced after stocks on Wall Street steadied with only modest losses last week.

Benchmarks in Japan and South Korea recovered most of their earlier declines in a day weighed on by more selling of artificial intelligence-related shares.

In Asia, South Korea's Kospi ended 0.2% lower at 8,394.65, narrowing a sharper decline earlier in the day after the country announced plans for investments of more than $500 billion in a computer chip manufacturing hub in the country's southwestern region by Samsung and SK Hynix. Samsung Electronics sank 4.8%, while memory chipmaker SK Hynix fell 1.7%.

Tokyo's Nikkei 225 closed 0.2% higher at 69,468.11, reversing earlier losses. SoftBank Group, the multinational investment holding company which invests in OpenAI, sank 5.3% following a 12.5% drop on Friday.

Taiwan's Taiex, also a beneficiary of the global AI boom thanks to its many tech companies including chipmaker TSMC, gained 1% after falling 3.6% on Friday.

Japan's and South Korea's markets have soared as many of their Big Tech firms were lifted by demand for computer chips and other high-valued components used in artificial intelligence. Recent worries over AI valuations have trimmed some of those gains.

Hong Kong's Hang Seng gained 1.6% to 23,026.68, while the Shanghai Composite index added 1.2% to 4,073.90. Australia's S&P/ASX 200 rose 0.7% to 8,823.40.