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China stocks tumble 2%, the rest of Asia struggles to keep profits

Asian stock markets gave up an early leadership on Monday, with Chinese stocks leading the downturn, among concerns about trade…

Asian stock markets gave up an early leadership on Monday, with Chinese stocks leading the downturn, among concerns about trade relations between the US and China and continued weakness in technology on Wall Street.

Down from the beginning of the Shanghai Composite trade

SHCOMP, -2.07%

decreased 2.4% and the smaller cap Shenzhen Composite

399106, -1

.99%

fell 0.7%.

Hong Kong shares joined regional colleagues who recovered from Friday’s global sales sales, but early out-of-street gains blinked in a few minutes. Reference Index Hang Seng Index

HSI, -0.01%

lost 0.2%, after a 1% gain at the open. Chinese real estate developers such as Sino Land

0083, -2.55%

fell over 3% as China Resources Land

1109, + 0.57%

yielded wires of more than 1%.

Index Greater HSBC

0005, + 4.38%

stood out and climbed more than 3% after having posted a 32% increase in the third quarter. Tencent

0700, -1.38%

fell more than 1%, following the road on the benchmark on Friday, driving it to a new 17 month low. Most Chinese car manufacturers listed in Hong Kong were difficult, with Great Wall Motor

2333, -7.64%

lost 7.9%.

Japanese Nikkei

NIK, -0.16%

reversed a profit of about 0.6% to drop 0.2%. Still, some big companies were under pressure, with Toyota

7203, -1.65%

and SoftBank

9984, -1.41%

lower by more than 1%. But Honda

7267, + 0.25%

marginally increased one day before the income statement.

South Korea’s Kospi

SEU, -1.53%

dropped close to 1%, with Samsung

005930, + 0.98%

and standout gainer, up 1%.

Australia’s ASX 200

XJO, + 1.11%

ended almost 1%, led by the energy and finance sectors. New Zealand’s benchmark

NZ50GR, + 0.55%

was something up. Reference Index in Taiwan

Y9999, + 0.29%

Singapore

STI + 0.46%

and Malaysia

FBMKLCI, -0.02%

also reported modest gains.

– Barbara Kollmeyer contributed to this report

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