Asian shares gained ground on Monday, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy. U.S. futures were little changed and oil prices retreated.

By Rae Wee SINGAPORE (Reuters) -Asian stocks swung between gain and loss on Monday as investors struggled to reach a consensus view on China's broad economic stimulus promises made over the weekend which were light on specifics.

Asia-Pacific markets trade mixed on Monday as traders assess the data released on Sunday showed that consumer inflation in China slowed in September, while producer deflation persisted, and China’s fiscal stimulus plan announced over the weekend failed to inspire market confidence by leaving investors guessing on the size of the package.