Hong Kong_ Japan drop 3% as Asia-Pacific stocks slip
Shares in Asia-Pacific declined in Monday trade as oil prices surged_ with the ongoing Russia-Ukraine war continuing to weigh on investor sentiment globally.
The Hang Seng index in Hong Kong led losses regionally_ dropping more than 4% at one point before seeing a slight recovery. The city s benchmark index last traded 3.34% lower as shares of HSBC plummeted 6.02%.
Mainland China s Shanghai composite shed 1.42% and the Shenzhen component slipped 2.578%.
In Japan_ the Nikkei 225 also saw heavy losses as it tumbled 3.15%_ with shares of robot maker Fanuc plunging 7.28%_ while the Topix index shed 2.88%.
South Korea s Kospi fell 2.28%. Over in Australia_ the S&P/ASX 200 dipped 0.93%.
MSCI s broadest index of Asia-Pacific shares outside Japan traded 2.07% lower.
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