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China’s markets return to trading, Hang Seng index falls

The Chinese and Hong Kong flags flutter as screens show the Hang Seng index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange, on January 21, 2021 in Hong Kong, China.

Zhang Wei | China News Service via Getty Images

Asia-Pacific shares fell on Monday, with Hong Kong shares leading losses.

The Hang Seng Index fell more than 2% in early trade, with the Hang Seng Tech index down 3.17%.

In mainland China is Shanghai Composite lost 0.39% on its return to trading after the Golden Week holiday and Shenzhen component fell around 1%. The S&P/ASX 200 was 1.63% lower.

Markets in Japan, South Korea, Taiwan and Malaysia are closed for public holidays on Monday.

Later this week, the Bank of Korea will announce its benchmark interest rate decision, Singapore is set to announce its third-quarter GDP estimate and China will release inflation data.

Taiwan Semiconductor Manufacturing Company and Japan’s Fast Retailing will report earnings and the US will release inflation data for September.

On Friday in the US, major stock indexes fell more than 2% after data showed unemployment fell in September, fueling fears that the Federal Reserve would continue to raise interest rates aggressively.

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