Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
Hong Kong's HSI index fell 0.4% after sinking 5.5% on Friday, when
Beijing proposed the new security legislation that sparked
protests across the island over the weekend.
The broader MSCI's index of Asia-Pacific shares outside
Japan was 0.3% higher on thin volume, with
South Korea, Australia and
New Zealand all trading higher.