(fxcue news) - Asian stocks ended mixed in thin trade on Monday after U.S. President Donald Trump said he had no plans to talk to his Chinese counterpart this week. Trump also told NBC's "Meet the Press with Kristen Welker" that the tariffs announced in recent weeks would remain in some form to convince businesses to move production to the U.S. He also announced a new 100 percent tariff on movies produced outside America, saying that Hollywood and other areas are "being devastated" due to "a concerted effort by other Nations." Regional trade volumes were thin as markets in Japan, Hong Kong, mainland China and South Korea were closed for public holidays. A weaker dollar helped lift gold prices in Asian trading while oil prices plunged after the OPEC+ group of oil producing nations said it plans to increase output. Australian markets fell sharply, with energy stocks leading losses as WTI crude futures sank more than 3 percent on oversupply concerns after a bold Saudi-led move to reorder the global oil market with an aggressive ramp-up of OPEC+ supply. The benchmark S&P/ASX 200 dropped 0.97 percent to 8,157.80, after having climbed 2.4 percent over the past five sessions. The broader All Ordinaries index shed 0.97 percent to close at 8,374. Beach Energy, Santos, Karoon Energy and Woodside Energy all lost around 4 percent. Lender Westpac declined 3 percent after its interim earnings for the first half of 2025 failed to impress. Peer Commonwealth Bank of Australia gave up 1.6 percent, ANZ dropped 1 percent and NAB declined 1.8 percent. Across the Tasman, New Zealand's benchmark S&P/NZX-50 index rose 0.76 percent to 12,421.25, marking its fourth straight session of gains. India's Sensex was up 0.4 percent and Indonesia's Jakarta Composite index was up 0.9 percent. U.S. stocks rose sharply on Friday and Treasury yields rose, with sentiment boosted by a stronger-than-expected report on the job market and some de-escalation in Sino-U.S. trade tensions. The S&P 500 surged 1.5 percent to end higher for the ninth consecutive session, marking its longest winning streak in over twenty years. The tech-heavy Nasdaq Composite also rose 1.5 percent while the Dow added 1.4 percent. Data showed U.S. non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs. The unemployment rate came in unchanged at 4.2 percent, matching economist estimates while jobs growth in February and March was downwardly revised to 102,000 jobs and 185,000 jobs, respectively, reflecting a net downward revision of 58,000 jobs.