The stock market in Hong Kong continues with sharp fluctuations over a short period of time, and after a few hours of trading on Monday, the Hang Seng index pointed down 2 percent.
The press briefing held by China's Finance Minister Lan Fo'an on Saturday, where he promised more stimulus to boost the country's economy, was received as a disappointment – no figures were mentioned. At the same time, data for consumer and producer prices on Sunday showed that the economy is stagnant.
In Shanghai and Shenzhen, the composite indexes were up slightly, 0.3 and 0.2 percent, respectively.
The stock market in Japan was closed for the weekend, while South Korea's Kospi index had risen by 0.6 percent.
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