Business
Asian market latest: Asian stocks mixed while China leads yuan lower for an eighth straight day
Hong Kong's Hang Seng Index ( HSI ) was roughly flat after falling 3.6% last week – its third straight week of decline.
China's Shanghai Composite Index ( SHCOMP ) received 0.7%. Last week was the worst since May.
South Korea's Kospi rose 0.4%. Australia's S & P / ASX 200 was down 0.2%. New Zealand's NZX50 was about flat.
People's Bank of China led the yuan lower for an eighth session on Monday. The currency was flat in land trading, while it was slightly higher offshore, where it traded more freely.
The markets in Japan, Singapore and India were closed on Monday for holidays.
Here are some other great features of Asian markets at 1[ads1]1:00 Hong Kong time:
- Cathay Pacific Group ( CPCAY ) sank 4.5% in Hong Kong. The city's flagship airline has been affected by mass protests. Over the weekend, Cathay said it would cooperate with a directive from China's aviation authority that prohibits employees from flying to, from and over China if they participate in or support "the illegal demonstrations, protests and violent attacks, as well as those who has had radical behavior. "
- Fonterra, the world's largest dairy exporter, fell 4.5% in New Zealand after the company said it expects to report a $ 437 million loss this year. The company also said it would not pay dividends this year.
- NVC Lighting increased more than 60% in Hong Kong. The Chinese lighting company announced that the global investment company KKR would buy a majority stake in the lighting business. The agreement values NVC at approximately $ 787 million.
- Chipscreen Biosciences, a Chinese biotechnology company, rose more than 400% in its trade debut at Star Market, China's new Nasdaq-style tech board.