Hong Kong stocks lost 0.50 per cent in the morning session on profit booking by investors. The benchmark Hang Seng Index plunged 88.56 points and was trading at 17,618.45.
Chinese stocks touched a two year low at 2,353.68 in the afternoon trade.
Singapore shares were higher at 12.57pm on Monday, with the benchmark Straits Times Index at 2,656.07, up 0.59 per cent, or 15.77 points.
At Bombay Stock Exchange, the benchmark Sensex gained 77 points in morning today. IT, refinery, consumer durable and tech sector stocks were among the most traded. The National Stock Exchange index Nifty moved up by 16 points, or 0.33% to 4,904.
The Indian rupee appreciated by 8 paise to 49 rupees 7 paise per US dollar on the Interbank Foreign Exchange in early trade today.