AsiaPacific Markets Closing Report on Monday, November 29, 2021: Asia-Pacific stocks mostly fall as investors watch omicron Covid variant; oil prices rebound
Source: cnbc.com Eustance Huang 4-5 minutes SINGAPORE — Major markets in Asia-Pacific largely fell on Monday as investors continue to monitor developments surrounding the recently discovered omicron Covid variant . Hong Kong's Hang Seng index slipped 0.95% to close at 23,852.24. Hong Kong-listed shares of Chinese tech giant Meituan lost 7% after the firm on Friday posted a loss of about 10 billion Chinese yuan ($1.56 billion) for the three months ended Sept. 30. Shares of Sun Entertainment Group in Hong Kong sank 30.97% after the South China Morning Post reported that controlling shareholder Alvin Chau Cheok-wa was among a group of people arrested over alleged gambling offences. Shares of Suncity Group , where Chau is CEO, were suspended on Monday "pending the release of an announcement in relation to news coverage" about Chau. Mainland Chinese stocks closed mixed, with the Shanghai composite falling fracti