Mixed closure of Asia on a day in which investors have been very aware of the election night in the US. Also in the news was the collapse of Alibaba shares (-7.45%) , which are listed on the Hong Kong stock exchange, after the anticipated initial public offering of subsidiary Ant Group was suspended amid regulatory concerns. Alibaba owns about a 33% stake in this company.
On Monday, the Chinese central bank and regulators issued a new draft of rules for online microloans, which could affect Ant Group. Hong Kong’s Hang Seng Index closed 0.21% lower, at 24,886.14 points.
Meanwhile, mainland Chinese stocks have ended higher, with the Shanghai compound up 0.19% to around 3,277.44 points, while the Shenzhen component rose 0.585% to around 13,659.50 whole points.
In Japan, the Nikkei 225 has risen 1.72% to close at 23,695.23 points, while the Topix index advanced 1.2% to end its trading day at 1,627.25 integers. South Korea’s Kospi closed 0.6% higher. Shares in Australia fell as the ASX 200 closed slightly below 6,062.10 integers.