Shares in Asia-Pacific were mixed on Monday as Brent crude futures hovered around $76 while investors watched for developments from a meeting of the Organization of the Petroleum Exporting Countries and its allies.
In Japan, the Nikkei 225 lost 185.09 points, or 0.6%, Monday to 28,598.19.
Shares of Japanese conglomerate SoftBank Group also plunged 5.4% on Monday.
The Japanese yen traded at 110.84 per U.S. dollar, stronger than levels above 111.2 against the greenback seen late last week.
In Hong Kong, the Hang Seng dipped 166.92 points, or 0.6%, to 28,143.50.
Shares of Chinese tech firms in Hong Kong fell on Monday trade as regulatory fears resurfaced.
Tencent shares fell 3.6% while Alibaba dropped 2.8% and Meituan slipped 5.6%. The broader Hang Seng TECH index in Hong Kong also declined 2.3% to 7,712.19.
Australia’s retail sales data rose 0.4% in May on a seasonally adjusted basis, final retail trade figures released Monday by the Australian Bureau of Statistics showed. That was higher than the May preliminary result of a 0.1% rise.
The Australian dollar changed hands at $0.7535 after a recovery last week from below $0.748.
CHINA
In Shanghai, the CSI 300 inched up 4.67 points, or 0.1%, to 5,085.79.
The losses came after Chinese regulators claimed SoftBank-backed Didi illegally collected users’ personal data and ordered app stores to stop offering Didi’s app. The move came just days after the ride-hailing giant’s market debut on the New York Stock Exchange.
A private survey on China’s services sector activity in June showed growth slowing sharply in June to a 14-month low. The Caixin/Markit services Purchasing Managers’ Index for June, released Monday, came in at 50.3 — a significant decline from May’s reading of 55.1.
Still, it held above the 50-level in PMI readings indicating growth on a monthly basis.
In other markets
In Singapore, the Straits Times Index gained 12.07 points, or 0.4% to 3,141.02
The Kospi index in Korea regained 11.43 points, or 0.4%, to 3,293.21.
In Taiwan, the Taiex index rocketed 209.18 points, or 1.2%, to 17,919.33
In New Zealand, the NZX 50 moved higher 100.47 points, or 0.8%, to 12,812.32
In Australia, the ASX 200 eked up 6.4 points, or 0.1%, to 7,314.95.
