Hong Kong’s Hang Seng Tech index dropped on Monday as major indexes in Asia-Pacific slipped.

In Japan, the Nikkei 225 lost 215.41 points, or 0.8%, to 27,699.25.

The Japanese yen traded at 136.38 per U.S. dollar, after strengthening sharply late last week.

In Hong Kong, the Hang Seng index dipped 46.2 points, or 0.2%, to 20,562.94.

Hong Kong shares of U.S.-listed Chinese companies dropped on Monday. Nio plunged 6.4%, XPeng lost 6.3% and Alibaba fell 2.5%.

Elsewhere, the Monetary Authority of Singapore on Monday said core inflation in June rose to 4.4% compared to a year ago, up from 3.6% in May and higher than the 4.2% that economists polled by Reuters expected.

Within the Asia-Pacific region, advance estimates for South Korea’s GDP will be out Tuesday and Australia reports inflation data Wednesday.

The Australian dollar was at $0.6919, slightly above the $0.69 level.


In Shanghai, the CSI 300 forfeited 25.59 points, or 0.6%, to 4,212.64.

The Financial Times reported over the weekend that China plans to sort U.S.-listed Chinese companies into three groups depending on the sensitivity of the data the firms hold.

The new system aims to prevent American regulators from delisting Chinese companies by bringing some firms into compliance with the U.S. rules, the FT reported, citing people with knowledge of the situation. Chinese firms with “secretive” data would have to delist, the report said.

China’s securities regulator told the media it has not come up with a three-tiered system to help Chinese companies avoid U.S. delisting.

In other markets

In Taiwan, the Taiex subtracted 13.03 points, or 0.1%, to 14,946.33.

In Singapore, the Straits Times Index handed over 0.87 points to 3,180.47

In Korea, the Kospi recovered 10.55 points, or 0.4%, to 2,403.69

In Australia, the ASX 200 fell 1.57 points to 6,789.93

In New Zealand, the NZX fell 64.51 points, or 0.6%, to 11,198.68.

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