On Monday, Chinese stocks jumped as they returned to trade after closing last week for the Lunar New Year holidays.
Accordingly, the benchmark Shanghai composite soared 1.80% or 60.66 points to 3,422.10.
At the top of the index, investment vehicle HNA Technology hiked 10.14% or 0.04 points to $0.48 per share.
Following the trend, transportation company Huaihe Energy elevated 10.13% or 0.04 points to $0.41 per share.
Consequently, the Shenzhen Component index bounced up 1.04% or 139.02 points to 13,467.08.
Changsha DIALINE, a diamond wire seller, surged 20.00% or 0.60 points to $3.60 per share.
Similarly, oil-drilling and production equipment provider Dezhou United gained 19.99% or 0.72 points to $4.29 per share.
Meanwhile, other major Asian indexes fell behind Chinese shares as investors worried about the possible Federal Reserve aggressive tightening.
In Hong Kong, the Hang Seng index slashed 0.31% or 76.24 points to 24,497.05 per share.
Miniaturized acoustic components manufacturer AAC Technologies Holdings Inc. plummeted 3.49% or 0.85 points to $3.02 per share.
Then, e-commerce giant Alibaba lost 3.65% or 0.56 points to $14.89 per share.
Similarly, food delivery service Meituan slashed 2.65% or 0.77 points to $28.34 per share.
Japan Underperforms Chinese Shares
In Japan, the benchmark Nikkei 225 declined 0.71% or 195.65 points to 1,925.99. Then, the broader TOPIX skidded 0.24% or 4.57 points to 1,925.99, underperforming Chinese shares.
Notably, Toshiba announced that it would sell its 60.00% stake in its air conditioning unit to Carrier Global for $870.00 million.
Eventually, the Japanese multinational conglomerate increased to 2.18% or 0.89 points to 41.86 per share.
In South Korea, the KOSPI weakened 0.44% or 12.04 points to 2,738.22.
Meanwhile, Australia’s S&P/ASX 200 index rose 0.02% to 1.60 points to 7,121.80.
Overall, MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.19% or 1.12 points lower to 614.08.
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