Asian markets lower

Asian shares fell on Monday as sellers moved in following several
days of gains last week, while traders also sat on the sidelines as
the third- quarter earnings season gets under way. Hong Kong lost 0.93
percent after rising for five consecutive days last week, while
Sydney was 0. 28 percent lower and Seoul dropped 0.42 percent.
Shanghai shed 0.59 percent, pushed by fears of a share glut as
authorities prepare to launch a new board. However, Singapore added
more than one percent on the back of data showing the economy grew
in the past quarter. And India was pushed 2.31 percent higher on
better than expected industrial figures. Tokyo was closed for a public
holiday. HONG KONG: Down 0.93 percent. The Hang Seng Index fell
200.09 points to 21 , 299.35.. SYDNEY: Down 0.28 percent. The
S&P/ASX 200 dropped 13.1 points to close at 4 ,739.8. SHANGHAI: Down
0.59 percent. The Shanghai Composite Index, which covers both A and
B shares, lost 17.23 points to 2 , 894.48. Banks started well on the
Huijin buy-up but short-term investors later booked gains. SEOUL:
Down 0.42 percent. The KOSPI ended down 6.98 points at 1 , 639.81.
SK Energy fell 9.9 percent to 113 ,500 won and S- Oil dropped 1.1
percent to 61 ,000. TAIPEI: Up 0.37 percent. The weighted index rose
27.92 points to 7 , 599.88. SINGAPORE: Up 1.05 percent. The Straits
Times Index rose 27.96 points to 2 , 680.47. Singapore Telecom
gained five cents to 3.13 and Singapore Airlines advanced 16 cents
to 13.90. BANGKOK: Up 0.67 percent. The Stock Exchange of Thailand
gained 4.99 points to close at 751.86. KUALA LUMPUR: Flat. The Kuala
Lumpur Composite Index lost 0.49 points to 1 , 233.33. Second
largest banking group CIMB lost 1.5 percent at 12.04 ringgit while
leading investment holdings company Tanjong shed 3.4 percent at
3.46. JAKARTA: Down 0.72 percent. The Jakarta Composite Index lost
17.71 points to 2 , 456.68. MANILA: Down 0.40 percent. The composite
index gave up 11.81 points to close at 2 , 930.97. MUMBAI: Up 2.31
percent. The 30- share Sensex rose 384.01 points to 17 , 026.67.