On Monday, Asia-Pacific stocks struggled for direction, with Hong Kong’s Hang Seng index dropping 1.19% amid the Russia-Ukraine conflict.
The benchmark HSI edged down 315.02 points to the 22,452.16 price level. It was the lowest downturn since the depth of the pandemic in March 2020.
Automotive company Geely led the retreat, with 6.07% or 0.12 points loss to $1.82 per share.
AAC Technologies, a producer of miniaturized acoustic components, shed 5.62% or 0.16 points to $2.69 per share.
Then, restaurant firm Haidilao decreased 4.66% or 0.11 points to $2.25 per share.
Moreover, Alibaba Group slipped 3.23% or 0.44 points to $13.04 per share. The e-commerce giant led the plunge among Chinese tech peers.
At the same time, food delivery business Meituan dipped 2.12% or 0.46 points to $21.32 per share.
Likewise, gaming titan, Tencent lost 1.84% or 1.00 points to $53.27 per share.
Eventually, mainland Chinese stocks also registered losses in the Asia-Pacific stocks.
The Shanghai Composite index slashed 0.14% or 4.96 points to the 3,446.44 price level.
Subsequently, real estate company Black Peony sank 10.00% or 0.21 points to $1.91 per share.
Engineering firm ARTS Group also tumbled 9.98% or 0.17 points to $1.54 per share.
Similarly, Huaihe Energy, a transportation firm, lowered 9.92% or 0.06 points to $0.55 per share.
Furthermore, the benchmark Shenzhen Component inched down 0.32% or 42.87 points to the 13,370.05 price level.
Its worst performer, Robam Appliances, sank 6.27% or 0.35 points to $5.26 per share.
Changchun High & New Tech Industry, a pharmaceutical company, declined 4.96% or 1.49 points to $28.58 per share.
Asia-Pacific Stocks; KOSPI 0.05% Up
Meanwhile, South Korea’s KOSPI slightly advanced 0.05% or 1.40 points to the 2,678.16 price level.
Accordingly, the benchmark KOSDAQ Composite gained 0.06% or 5.20 points to the 878.18 price level.
Nevertheless, market bellwether Samsung Electronics dropped 0.70% or 0.41 points to $59.21 per share.
World’s second-largest memory chipmaker SK Hynix also weakened 0.41% or 0.41 points to $101.58 per share.
In Japan, the Nikkei 225 index dwindled 0.19% or 50.21 points to the 26,426.29 price level.
Conversely, the broader TOPIX index increased 0.15% or 2.79 points to the 1,879.03 price level.
In Australia, the benchmark S&P/ASX 200 waned 0.43% or 30.30 points to the 7,028.10 price level.
Overall, the MSCI index of Asia-Pacific stocks outside Japan pared 0.78% or 4.60 points to the 589.67 price level.
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