Hong Kong stocks close sharply lower

Hong Kong shares sank on Monday with tech firms again suffering after mainland regulators ordered sweeping changes to the country’s biggest payment app, Alipay, as leaders press ahead with a crackdown on the sector.

The Hang Seng Index fell 1.5 percent, or 392 points, to 25,813.

But the Shanghai Composite Index rose 0.3 percent, or 12 points, to 3,715, while the Shenzhen Composite Index dipped 0.1 percent, or 1 point, to 2,500. (AFP)