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Hong Kong, China Extend Losses

Hong Kong, China Extend Losses

Asia-Pacific markets fell on Monday, led by Hong Kong’s Hang Seng index

In Japan, the Nikkei 225 index returned from a long weekend to drop 413.74 points, or 1.3%, to 32.054.91. Japan will see its second quarter gross domestic product figures out on Tuesday, while July’s inflation print will come in on Friday.

In Hong Kong, the Hang Seng crumbled 301.64 points, 1.6%, to 18,773.55, dragged by basic materials and consumer cyclical stocks. However, the real estate sector also saw a sell-off, with real estate firm Country Garden Holdings leading losses on the HSI.

Korean indices tumbled, extending their losing streak to three days.

In other markets

In China, the CSI 300 slid 28.34 points, or 0.7%, to 3,855.91.

In Taiwan, the Taiex index lost 207.59 points, or 1.3%, to 16,393.66.

In Singapore, the Straits Times Index unloaded 46.58 points, or 1.4%, 3,247.70.

In Korea, the Kospi Index let go of 20.39 points, or 0.8%, to 2,570.87.

In New Zealand, the NZX 50 skidded 10.28 points, or 0.1%, to 11,826.42.

In Australia, ASX 200 subtracted 63.18 points, or 0.9%, to 7,276.95.