China's Shanghai Composite Index slumped 8.3% Monday as investors showed concern that authorities might take further measures to cool what's been a red-hot stock market, but other Asian indexes reached fresh records.
Shanghai's Composite Index ended at 3,670.40, declining 330.34 points, or 8.3%, marking its second biggest daily fall in percentage terms this decade and the largest since Feb. 27, when it tumbled 8.8%, sparking a global sell-off. The benchmark has lost more than 15% since last Tuesday's all-time record high of 4,335.96.
Hong Kong shares advanced Monday on gains in property shares, snubbing the steep decline on the mainland China's stock markets. The blue chip Hang Seng Index rose 126.72 points, or 0.6 percent, to 20,729.59.
In Tokoyo, the Nikkei ended 14.54 points higher at 17,973.42 in afternoon trading, up 0.1%. It marked the highest level for the benchmark since Feb. 27.
Elsewhere:
SINGAPORE: -- Singapore shares rose Monday to a fresh high, shrugging off a slide in China where investors dumped stocks on moves by Beijing to cool its red-hot equities market. The benchmark Straits Times Index climbed 31.03 points, or 0.87 percent, to 3579.35 points.
MANILA: -- The 30-company Philippine Stock Exchange Index rose 75.59 points, or 2.1 percent, to 3,622.94, breaking initial resistance at 3,600 and beating the previous record of 3,547.35 on Friday.
TAIPEI: -- The Weighted Price Index of the Taiwan Stock Exchange gained 44.89 points, or 0.5 percent, to close at 8,294.79 points on strong volume.
SYDNEY: -- The benchmark S&P/ASX 200 index closed up 59.4 points, or 0.9 percent, at 6,392.9, after hitting a record intraday high of 6,409.2.
With files from wire services
