Hong Kong: Stocks close sharply lower

[HONG KONG] Hong Kong shares sank on Monday, with tech firms again suffering after Chinese regulators ordered sweeping changes to the country's biggest payment app, Alipay, under leaders' push for a crackdown on the sector.

The Hang Seng Index fell 1.50 per cent, or 392.10 points, to 25,813.81.

But the Shanghai Composite Index rose 0.33 per cent, or 12.26 points, to 3,715.37, while the Shenzhen Composite Index on China's second exchange dipped 0.05 per cent, or 1.18 points, to 2,500.83.

AFP