Asia Mixed on Earnings News

Shares in Asia-Pacific were mixed on Monday as investors reacted to the release of HSBC earnings.

The Nikkei 225 index in Tokyo lost 204.44 points, or 0.7%, to conclude Monday at 28,600.41.

The Japanese yen traded at 113.63 per U.S. dollar following its strengthening from above 114 against the greenback late last week.

In Hong Kong, the Hang Seng squeezed ahead 5.1 points to 26,132.02. Hong Kong-listed shares of HSBC rose 0.4% after the bank on Monday reported a pre-tax profit in the third quarter of 2021 that bested expectations.

Shares of embattled developer China Evergrande Group declined 0.7% by the Hong Kong market close after surging nearly 6% earlier. The firm announced Sunday it had resumed work on more than 10 projects.

The Australian dollar changed hands at $0.7504, above an earlier low of $0.7456.

CHINA

In China, the CSI 300 gained 19.79 points, or 0.4%, to 4,979.52.

The COVID-19 situation in China may have weighed on investor sentiment regionally after an official warned that the outbreak could spread further.

In other markets

Markets in New Zealand were shuttered for holiday.

In Taiwan, the Taiex regained 5.5 points to 16,894.24.

In Korea, the Kospi index recovered 14.38 points, or 0.5%, to 3,020.54.

In Singapore, the Straits Times deleted 3.28 points, or 0.1%, to 3,201.86

In Australia, the ASX 200 climbed 25.52 points, or 0.3%, at 7,441.