<p class="title rtejustify">Asian markets were largely flat on Monday morning following weak US trading at the end of last week and as nervousness over Chinese growth put pressure on global equities.</p>.<p class="bodytext rtejustify">After early gains, Hong Kong hovered between positive and negative territory, edging up 0.2 percent by mid-morning.</p>.<p class="bodytext rtejustify">Tokyo and Shanghai stocks were largely unchanged, with Tokyo trading down by 0.1 percent.</p>.<p class="bodytext rtejustify">"Flagging growth in China revived global growth concerns," Stephen Innes, head of trading for Asia-Pacific at OANDA.</p>.<p class="bodytext rtejustify">"Specifically, it was Friday's China factory gate inflation wobble that is weighing on global equities and commodities alike."</p>.<p class="bodytext rtejustify">China's economy will be in the spotlight this week, with key monthly data expected Wednesday and stocks tumbling last week on mounting concerns of a slowdown.</p>.<p class="bodytext rtejustify">Chinese ecommerce giant Alibaba took a record $30.7 billion in orders on Sunday during its annual "Singles Day" shopping frenzy.</p>.<p class="bodytext rtejustify">However sales growth slowed to 27 percent this year from 39 percent growth in 2017, adding to mounting concerns over the outlook for the Asian powerhouse.</p>.<p class="bodytext rtejustify">"But where we can get some comfort from this number is that Chinese consumers are slowing, not collapsing," Junheng Li, founder of JL Warren Capital LLC, told Bloomberg News.</p>.<p class="bodytext rtejustify">China's banking stocks were seeing mixed performance Monday after the government gave new guidance on requirements for banks to lend to private companies. Last week bank shares dropped as investors balked at what were seen as unprecedented government demands on lenders.</p>.<p class="bodytext rtejustify">The Industrial & Commercial Bank of China (ICBC) was up 0.2 percent in Hong Kong, while the China Construction Bank lost 0.1 percent.</p>.<p class="bodytext rtejustify">Markets across Asia were cautious through the morning, with Taiwan up 0.2 percent, Seoul edging down 0.3 percent, and Sydney up 0.1 percent.</p>.<p class="bodytext rtejustify">There was some relief on the oil markets following last week's slump, after a key meeting of oil producers took place in Abu Dhabi at the weekend.</p>.<p class="bodytext rtejustify">The OPEC group and its allies started laying the groundwork to cut supply in 2019, reversing an almost year-long expansion.</p>.<p class="bodytext rtejustify">Khalid al-Falih, energy minister of the world's top supplier Saudi Arabia, said the kingdom would cut its production by 500,000 barrels per day.</p>.<p class="bodytext rtejustify">Oil prices rallied Monday morning, with both Brent Crude and WTI seeing gains.</p>.<p class="bodytext rtejustify">Innes said it was in OPEC's "best interests to tame the current supply glut" as "oil prices above $80 are never welcome by OPEC customers".</p>.<p class="bodytext rtejustify">Last week, higher US energy stockpiles drove benchmark WTI crude to its longest losing streak in more than 30 years, while Brent Crude dropped below $70 a barrel for the first time since April.</p>.<p class="bodytext rtejustify">Tokyo - Nikkei 225: DOWN 0.1 percent at 22,237.19</p>.<p class="bodytext rtejustify">Hong Kong - Hang Seng: UP 0.2 percent at 25,641.67</p>.<p class="bodytext rtejustify">Shanghai - Composite: UP 0.1 percent at 2,601.10</p>.<p class="bodytext rtejustify">Euro/dollar: DOWN at $1.1328 from $1.1351 at 2200 GMT Friday</p>.<p class="bodytext rtejustify">Pound/dollar: DOWN at $1.2941 from $1.3022</p>.<p class="bodytext rtejustify">Dollar/yen: UP at 113.99 yen from 113.76 yen</p>.<p class="bodytext rtejustify">Oil - West Texas Intermediate: UP 51 cents at $60.71 per barrel</p>.<p class="bodytext rtejustify">Oil - Brent Crude: UP 71 cents at $70.89 per barrel</p>.<p class="bodytext rtejustify">New York - Dow: DOWN 0.8 percent at 25,989.30 (close)</p>.<p class="bodytext rtejustify">London - FTSE 100: DOWN 0.5 percent at 7,105.34 points (close)</p>
<p class="title rtejustify">Asian markets were largely flat on Monday morning following weak US trading at the end of last week and as nervousness over Chinese growth put pressure on global equities.</p>.<p class="bodytext rtejustify">After early gains, Hong Kong hovered between positive and negative territory, edging up 0.2 percent by mid-morning.</p>.<p class="bodytext rtejustify">Tokyo and Shanghai stocks were largely unchanged, with Tokyo trading down by 0.1 percent.</p>.<p class="bodytext rtejustify">"Flagging growth in China revived global growth concerns," Stephen Innes, head of trading for Asia-Pacific at OANDA.</p>.<p class="bodytext rtejustify">"Specifically, it was Friday's China factory gate inflation wobble that is weighing on global equities and commodities alike."</p>.<p class="bodytext rtejustify">China's economy will be in the spotlight this week, with key monthly data expected Wednesday and stocks tumbling last week on mounting concerns of a slowdown.</p>.<p class="bodytext rtejustify">Chinese ecommerce giant Alibaba took a record $30.7 billion in orders on Sunday during its annual "Singles Day" shopping frenzy.</p>.<p class="bodytext rtejustify">However sales growth slowed to 27 percent this year from 39 percent growth in 2017, adding to mounting concerns over the outlook for the Asian powerhouse.</p>.<p class="bodytext rtejustify">"But where we can get some comfort from this number is that Chinese consumers are slowing, not collapsing," Junheng Li, founder of JL Warren Capital LLC, told Bloomberg News.</p>.<p class="bodytext rtejustify">China's banking stocks were seeing mixed performance Monday after the government gave new guidance on requirements for banks to lend to private companies. Last week bank shares dropped as investors balked at what were seen as unprecedented government demands on lenders.</p>.<p class="bodytext rtejustify">The Industrial & Commercial Bank of China (ICBC) was up 0.2 percent in Hong Kong, while the China Construction Bank lost 0.1 percent.</p>.<p class="bodytext rtejustify">Markets across Asia were cautious through the morning, with Taiwan up 0.2 percent, Seoul edging down 0.3 percent, and Sydney up 0.1 percent.</p>.<p class="bodytext rtejustify">There was some relief on the oil markets following last week's slump, after a key meeting of oil producers took place in Abu Dhabi at the weekend.</p>.<p class="bodytext rtejustify">The OPEC group and its allies started laying the groundwork to cut supply in 2019, reversing an almost year-long expansion.</p>.<p class="bodytext rtejustify">Khalid al-Falih, energy minister of the world's top supplier Saudi Arabia, said the kingdom would cut its production by 500,000 barrels per day.</p>.<p class="bodytext rtejustify">Oil prices rallied Monday morning, with both Brent Crude and WTI seeing gains.</p>.<p class="bodytext rtejustify">Innes said it was in OPEC's "best interests to tame the current supply glut" as "oil prices above $80 are never welcome by OPEC customers".</p>.<p class="bodytext rtejustify">Last week, higher US energy stockpiles drove benchmark WTI crude to its longest losing streak in more than 30 years, while Brent Crude dropped below $70 a barrel for the first time since April.</p>.<p class="bodytext rtejustify">Tokyo - Nikkei 225: DOWN 0.1 percent at 22,237.19</p>.<p class="bodytext rtejustify">Hong Kong - Hang Seng: UP 0.2 percent at 25,641.67</p>.<p class="bodytext rtejustify">Shanghai - Composite: UP 0.1 percent at 2,601.10</p>.<p class="bodytext rtejustify">Euro/dollar: DOWN at $1.1328 from $1.1351 at 2200 GMT Friday</p>.<p class="bodytext rtejustify">Pound/dollar: DOWN at $1.2941 from $1.3022</p>.<p class="bodytext rtejustify">Dollar/yen: UP at 113.99 yen from 113.76 yen</p>.<p class="bodytext rtejustify">Oil - West Texas Intermediate: UP 51 cents at $60.71 per barrel</p>.<p class="bodytext rtejustify">Oil - Brent Crude: UP 71 cents at $70.89 per barrel</p>.<p class="bodytext rtejustify">New York - Dow: DOWN 0.8 percent at 25,989.30 (close)</p>.<p class="bodytext rtejustify">London - FTSE 100: DOWN 0.5 percent at 7,105.34 points (close)</p>