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Home / Business / China shares fall 2%, the rest of Asia fights for profits

China shares fall 2%, the rest of Asia fights for profits



Asian stock markets gave an early lead on Monday, with Chinese stocks leading the downtrend amid concern about US-China trade relations and continued weakness of Wall Street tech stocks

Shanghai Composite

SHCOMP, -2.65%

fell 2.4% and the Shenzhen Composite with lower capitalization

399,106, -2.43%

fell 0.7%

Hong Kong stocks climbed to regional rivals, rebounding from Friday's global sell-off, despite the early out-of-gate Profits were reduced in a few minutes. The benchmark Hang Seng Index

HSI, -0.32%

lost 0.2%, after a 1

% gain at the opening. Chinese developers like Sino Land

0083, -3.03%

fell over 3%, as China Resources Land

1109, + 0.00%

yielded traces of more than 1%.

Index Main HSBC

0005, + 4.30%

fell more than 3% after a net profit increase of 32% in the third quarter. Tencent

0700, -1.77%

fell more than 1% after the benchmark fell to a fresh 17-month low on Friday. Most Chinese automakers recorded in Hong Kong were down sharply with Great Wall Motor

2333, -7.64%

lose 7.9%

Japanese Nikkei

NIK, -0.16%

reversed a gain of around 0.6% and fell by 0.2%. Still, some big companies were under pressure with Toyota

7203, -1.65%

and SoftBank

9984, -1.41%

decreased by more than 1%. But Honda

7267, + 0.25%

was marginal one day faster than his earnings report.

South Korea's Kospi

SEU, -1.55%

fell close to 1%, with Samsung

005930, + 0.98%

an outstanding winner, 1% higher

Australia's ASX 200

XJO, + 1.11%

reached almost 1%, led by the energy and financial sectors. New Zealand's benchmark

NZ50GR, + 0.55%

had risen slightly. Benchmark indices in Taiwan

Y9999, + 0.29%

Singapore

STI, + 0.37%

and Malaysia

FBMKLCI, -0.02%

also recorded slight increases.

– Barbara Kollmeyer has contributed to this report

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