Hong Kong share prices closed 1.61% lower on Monday as investors took profits amid worries that China 's inflation data will cause authorities to make fresh tightening measures.
China said on Monday that producer or wholesale prices rose 6.10 percent year-on-year in January, the fastest pace in over three years, due to higher raw material, power and fuel costs. Consumer inflation figures are also expected to be high following recent snowstorms.
Dealers also noted that the market lost momentum in line with many regional bourses due to worries over the US economy.
Forest fires in Siberia have been raging for three months already. They have become a disaster not only of Russian, but of global scale. The fires have already scorched 12 million hectares of land