Asia-Pacific Mostly Declines

Asia-Pacific stocks mostly declined on Monday, with shares in China seeing sizable losses.

The Nikkei 225 lost 229.33 points, or 0.8%, to end Monday at 29,538.73.

The Japanese yen traded at 109.43 per U.S. dollar, stronger than levels above 110.5 against the greenback seen last week.

In Hong Kong, the Hang Seng index dumped 245.52 points, or 0.9%, to 28,453.28.

In corporate developments, shares of Alibaba in Hong Kong soared 6.5% on Monday. The moves came after Chinese regulators slapped the firm with a 18.23-billion-yuan ($2.8-billion) fine in its anti-monopoly probe of the tech juggernaut.

Elsewhere, shares of South Korea’s LG Chem rose 0.62% and SK Innovation popped by nearly 12%. It came after battery makers LG Energy Solution — a spinoff from LG Chem, and SK Innovation came to a settlement over a trade secrets dispute.

The Australian dollar changed hands at $0.7613 following turbulent trade last week that saw it swinging from above $0.765 to around $0.759.

In other markets

In Shanghai, the CSI 300 fell 87.59 points, or 1.7%, to 4,947.75

In Singapore, the Straits Times index ditched 10.61 points, or 0.3%, to 3,173.93

In Korea, the Kospi index regained 3.71 points, or 0.1%, to 3,135.59.

In Taiwan, the Taiex index recovered 5.6 points to 16,859.70.

In New Zealand, the NZX 50 deleted 55.64 points, or 0.4%, to 12,518.72.

In Australia, the ASX 200 docked 21.22 points, or 0.3%, to 6,973.96.