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Mixed Day in Asia Sees China Shares Fall 3%

Asia markets were mixed on Monday as major Chinese indexes fell more than 3% by the end of the session.

In Japan, the Nikkei 225 fell 34.8 points, or 0.2%, to 21,149.80

The Japanese yen was at 111.92 against the U.S. dollar, strengthening from levels above 112.8 last week.

In Hong Kong, the Hang Seng Index recovered 94.41 points or 0.4%, to 24,812.04

Europe's largest bank, HSBC, reported its third quarter earnings on Monday. Pre-tax profit jumped 28% from a year ago to $5.922 billion U.S., and revenue for the July-to-September quarter was $13.798 billion, 6.3% higher than the same period a year ago.

HSBC's Hong Kong-listed shares traded 4.9% higher in the afternoon, after jumping 5% following the lunch break

Korean markets tumbled, as heavyweight Samsung Electronics added 1%, while SK Hynix was lower by 0.3%

Australia’s benchmark rose, with all sectors seeing gains. The energy sector was up 1.1%, materials gained 1.2% and the heavily weighted financial sub-index was up 1.1%

The Australian dollar was at $0.7101 U.S., after seeing lows around the 0.702 handle in the previous session.

In other markets

The CSI 300 stumbled 96.75 points, or 3.1%, to 3,076.89

In Singapore, the Straits Times STI index inched higher 9.52 points, or 0.3%, to 2,981.54

In Taiwan, the Taiex index repaired 27.14 points, or 0.3%, to 9,516.32

In Korea, the Kospi index surrendered 31.1 points, or 1.5%, at 1,996.05

In New Zealand, the NZX 50 gained 47.14 points, or 0.6%, to 8,615.54

In Australia, the ASX 200 gained 63points, or 1.1%, to 5,728.16