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Asia Mixed, Hong Kong Lower

Tech stocks in Hong Kong pulled the broader index lower on Monday as Asia markets traded mixed. SoftBank reported earnings after the market close in Japan.

In Japan, the Nikkei 225 took on 73.37 points, or 0.3%, to 28,249.24.

SoftBank shares were 0.7% higher ahead of Monday’s earnings announcement, where the tech company’s Vision Fund posted a 2.93-trillion Japanese-yen ($21.68-billion U.S.) loss for the June quarter.

The tech giant’s overall net loss for the quarter was 3.16 trillion yen, compared to a 761.5-billion-yen profit a year ago.

In Hong Kong, the Hang Seng index shed 156.17 points, or 0.8%, to 20,045.77.

Alibaba dropped 4.4% and slipped 3.3%.

Hong Kong’s Cathay Pacific jumped 1.4% after authorities announced that hotel quarantine for travelers would be reduced to three days from seven days, though there would be a four-day surveillance period after the quarantine.

Chipmaker SK Hynix slipped 2.2% on Monday after the Korea Herald reported that a South Korean city, Yeoju, wants more compensation in exchange for letting the company build pipes to transport huge amounts of water to its plant in a different city.

In Australia, Shares of Oz Minerals spiked 35.3% after the company rejected BHP’s 8.34-billion-Australian-dollar ($5.76-billion U.S.) takeover bid.


In Shanghai, the CSI 300 dipped 8.84 points, or 0.2%, to 4,148.07.

Over the weekend, China reported trade data for July that showed dollar-denominated exports grew 18% compared to a year ago.

That’s the fastest pace of growth this year and beat analysts’ expectations for a 15% increase.

In other markets

In Taiwan, the Taiex slid 15.83 points, or 0.1%, to 15,020.41

In Singapore, the Straits Times Index dropped 11.9 points, or 0.4%, to 3,270.98

In Korea, the Kospi inched up 2.3 points, or 0.1%, to 2,493.10.

In Australia, the ASX 200 edged forward 5.06 points, or 0.1%, to 7,020.62.

In New Zealand, the NZX subtracted 25.66 points, or 0.2%, to 11,702.81