TOKYO -- Japan's stock markets were closed for a holiday Monday, but the rest of the region's equity markets were led lower by weak technology and telecom shares.
closed down 491.2, or 3%, at 15,693.5, as index heavyweight
tanked HK$3.25, or 5.5%, to 55.75 ($7.15). Volumes remained low, however, as Hong Kong was returning from a long weekend after being shut for its own local holiday on Friday.
fell 3.00, or 2.8%, to 104.00 and
Hang Seng Bank
ended down 0.50, or 0.6%, at 86.75.
Feeling pressure from the
nasty drop last week, Taiwan's technology-heavy
index dropped 142.6, or 2.3%, to 6209.4. The index surged Friday amid government supported buying from its $16-billion stabilization fund. South Korea's
index also got walloped by Wall Street, closing off 19.7 points, or 3.2%, at 589.2.