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China stocks lead losses in Asia-Pacific; Alibaba shares in Hong Kong surge

SINGAPORE — Stocks in China led losses as Asia-Pacific shares traded lower on Monday.

Mainland Chinese stocks also fell as the Shanghai composite fell 1% while the Shenzhen component was lower by 1.9%. Hong Kong’s Hang Seng index dropped 1.39%.

In Japan, the Nikkei 225 fell 0.51% while the Topix index declined 0.15%. South Korea’s Kospi was a tad lower by about 0.04%.

Stocks in Australia slipped as the S&P/ASX 200 shed 0.36%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.85% lower.

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