Asian markers down on Monday amid sharpening worries about the stability of the junk-bond market and tumbling oil prices.
Japan’s Nikkei Stock Average NIK, -1.80% was down 1.8%, Australia’s S&P/ASX 200 XJO, -2.01% fell 2% and South Korea’s Kospi SEU, -1.07% was down 1.1%.
Hong Kong’s Hang Seng Index HSI, -0.72% fell 0.9%, though the Shanghai Composite Index SHCOMP, +2.51% gained 1.1%.
Listed units of China’s Fosun Group plunged Monday, even after the firm sought to reassure investors about the whereabouts of its billionaire chairman, Guo Guangchang, which had been uncertain for days. Fosun’s two Hong Kong listed units—Fosun International Ltd. 0656, -9.45% and Shanghai Fosun Pharmaceutical (Group) 600196, -3.77% —fell 9.8% and 10%, respectively.
