Shares in Hong Kong closed lower Monday, as China Mobile ( CHL) and Alibaba.com ( ALBCF) sank on stock-specific news, and investors seized the day to take profits after the Hang Seng hit a three and a half month high last week.The Hang Seng finished 57 points, or 0.2% lower, at 26,183.95, but mainland-listed A shares rose after local news reports that CITIC Securities and Haitong Securities will be permitted to offer margin financing and short-selling facilities to domestic investors. The Shanghai Composite Index gained 68 points, or 1.8%, to 3761.01. Japanese markets were closed for a holiday, and reopen Thursday. "The
China Watch: India vs. China
Be sure to check out the Far East Portfolio at Stockpickr.com to find out which Indian and Chinese companies are making big moves and announcing major news.