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China stocks tumble 2%

Asian stock gave up an early lead on Monday, with The Chinese stocks Market leading the declines, amid worries about U.S.A-China trade relations and the performance of the tech sector on Wall Street.
Declining from the start of trade, the Shanghai Composite SHCOMP, -2.18% finished down 2.2% and the smaller-cap Shenzhen Composite 399106, -2.02%   fell 1%.

 The Hong Kong stocks Market joined regional peers recovering from Friday’s global sell-off, though early gains were whittled in a few minutes. The benchmark Hang Seng Index HSI, +0.37%  finished up 0.4%, after rising 1% gain the open. Among active Chinese property developers, Sino Land 0083, -2.38 %, fell over 1.9%, while China Resources Land 1109, +1.15%   finished up 1 %.

 One of the Index major HSBC 0005, +5.04%   stood out, climbing more than 5.1% after posting a 32% rise in third-quarter net profit. Most Chinese automakers listed in Hong Kong were down heavily, with Great Wall Motor 2333, -8.08%   losing 8%.

 Japan’s Nikkei, -0.16%   reversed a gain of around 0.6% to closed off roughly 0.2%. Among major companies under pressure, with Toyota 7203, -1.65%   slid 1.7% and Softbank 9984, -1.41%   fell 1.4%. But Honda 7267, +0.25%   was up marginally, a day ahead of its earnings report.

 South Korea’s Kospi, -1.53%   finished down 1.5%, with Samsung005930, +0.98%   a standout gainer, up 1%.

 Australia’s ASX 200 XJO, +1.11%   closed up 1.1%, led by the energy and financial sectors. New Zealand’s benchmark NZ50GR, +0.55%   added 0.5%. Benchmark indexes in Taiwan Y9999, +0.29 %, Singapore STI, +0.32%   and MalaysiaFBMKLCI, +0.04%   posted modest gains as well.

 EcoCrops International Reports

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