Chinese market closes in negative territory
The Chinese market bucked the generally positive trend across rest of Asia to close in the red on Monday.
The Shanghai Composite closed 20 points, or 0.54 percent, lower at 3,611. The smaller Shenzhen composite was down 0.75 percent, the tech-heavy Chinext composite down 1.17 percent, and the blue-chip CSI 300 Index was lower by 0.56 percent.
Shares of Chinese banks and brokerages all closed lower after China's onshore yuan Monday fell to its lowest level against the dollar since August as offshore yuan continued to decline. The People's Bank of China set the midpoint rate at 6.3867 per dollar.
Chinese industrial stocks closed higher after Beijing approved a 80.51 billion yuan ($12.60 billion) high-speed rail project, according to reports. Shares of CRRC, China Communications Constructions, and China Railway Group finished among the top five gainers on the Shanghai Composite on Monday.
Airline shares were also down on the back of prolonged global security threats affecting travel. In Europe, Belgian capital Brussels remains in an extended period of lockdown as police hunt one of the perpetrators believed to be behind the Paris attacks, according to reports. In Asia, a Singapore Airlines flight from San Francisco was plagued with a bomb threat but has since landed safely in the city-state.
Shares of Air China, China Southern Airlines, China Eastern Airlines, and Hainan Airlines all closed lower.
Chinese energy plays, Sinopec, PetroChina, and China Oilfield Services, also ended in the red as oil prices remain just above the $40 a barrel mark.
Away from the mainland, the Taiwanese Taiex closed 20 points, or 0.24 percent,higher despite a marginal increase in the country's October jobless rate. Data showed the October rate was 3.9 percent compared to the 3.89 percent reported in September.
In Hong Kong, the main Hang Seng Index continued its choppy session, eventually closing 0.39 percent lower.
The Hong Kong-traded arm of Chinese brokerage firm Guotai Junan Securities saw its shares close down over 12 percent, after reports emerged that its chairman Yim Fung was missing.
Real estate developer Evergrande Real Estate Group, on the other hand, saw its shares rise over 5 percent after announcing plans to enter the insurance market through a joint venture with Great Eastern Life.