Mainland Chinese shares surged on Monday to their highest in five years, leading Asian markets as they reopened for the first full week in 2015.
The Shanghai Composite jumped 3.6% to 3,350.52, after gaining 50% in 2014.
Investors are hoping for monetary policy easing in China after a private survey last week showed manufacturing activity shrank for the first time in seven months.
In Hong Kong, the benchmark Hang Seng index fell 0.57% to 23,721.32.
Shares of Macau casino operator Melco Crown fell 3.5% after it announced a plan on Friday to withdraw its listing from Hong Kong for “cost savings” reasons.
The news came after the world’s biggest gaming hub, Macau, recorded its first annual decline in gambling revenue since casinos were liberalised there in 2001.
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