Shares in the Asia-Pacific region were mostly lower on Monday as concerns over aggressive Fed hikes re-emerged, but Chinese markets rose after China cut its benchmark lending rates.
The Nikkei 225 lost 135.83 points, or 0.5%, to 28,794.50.
In Hong Kong, the Hang Seng index gave back 116.05 points, or 0.6%, to 19,656.98
CHINA
In Shanghai, the CSI 300 regained 30.33 points, or 0.7%, to 4,181.41.
China’s central bank cut its one-year benchmark lending rate by five basis points to 3.65% and its five-year rate by 15 basis points to 4.3%.
In other markets
In Taiwan, the Taiex docked 163.84 points, or 1.1%, to 15,254.14
In Korea, the Kospi index dropped 30.19 points, or 1.2%, to 2,462.50
In Singapore, the Straits Times Index restocked 16.06 points, or 0.5%, to 3,262.50.
In Australia, the ASX 200 doffed 67.59 points, or 1%, to 7,046.88.
In New Zealand, the NZX recovered 79.14 points, or 0.7%, to 11,763.95
