Tokyo Skytree (R) and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023.
Philip Fong | Afp | Getty Images
Asia-Pacific markets fell on Monday, led by Hong Kong’s Hang Seng index.
The index tumbled more than 2%, dragged by basic materials and consumer cyclical stocks. However, the real estate sector also saw a sell-off, with real estate firm Country Garden Holdings leading losses on the HSI.
Mainland Chinese stocks also were all in negative territory, with the CSI 300, a benchmark for mainland stocks, losing 0.74% on Monday.
Japan’s Nikkei 225 fell 1.27% to close at 32,059.91 and the Topix lost 0.98% to end at 2,280.89. Japan will see its second quarter gross domestic product figures out on Tuesday, while July’s inflation print will come in on Friday.
South Korea’s Kospi was down 0.79% and ended at 2,570.87, and the Kosdaq saw a larger loss of 1.15% to finish at 901.68. Both indexes extended their losing streak to three days.
Meanwhile, Australia’s S&P/ASX 200 was 0.86% lower to record its second straight day of losses at 7,277.