Hong Kong Leads Asia Lower

(MENAFN- Baystreet) Hong Kong Leads Asia Lower

Hong Kong stocks led Asia-Pacific markets lower on Tuesday, in their return from a National Day holiday on Monday.
In Japan, the Nikkei 225 tumbled 711.06 points, or 2.3%, to 30,526.85.
In Hong Kong, the Hang Seng fell 135.38 points, or 0.8%, to 17,195.84.
Shares of Hong Kong-listed property stocks were in the red. Country Garden Holdings plunged 7.2%, while Longfor Group Holdings lost 4.8%. New World Development shed 6.7%, and Henderson Land Development traded 6.2% lower.
Australian markets were down as after the central bank held rates at 4.10%, as expected by a Reuters poll.
Markets in Shanghai and Seoul were shuttered for holiday.
In other markets
In Taiwan, the Taiex index slumped 180.96 points, or 1.1%, to 16,273.38.
In Singapore, the Straits Times Index subtracted 44.96 points, or 1.4%, to 3,147.39.
In New Zealand, the NZX 50 dropped 0.66 points to 11,235.05.
In Australia, the ASX 200 subtracted 53.17 points, or 0.8%, to 6,890.25.



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