Asian markets were mixed Monday as Japanese stocks inched higher and Hong Kong shares sank amid concerns about further tightening measures in mainland China.
Australian shares also fell Monday, led by Australia and New Zealand Banking Group after the lender said it expects earnings this fiscal year to be crimped by fallout from the global credit crunch.
But Chinese stocks jumped after the securities regulator's approval of two new equities funds and wealth management operations of nine mutual funds.
In Tokyo, the benchmark Nikkei 225 index rose 12.84 points, or 0.09 percent, to 13,635.40 as traders bought steel issues after they agreed to a 65 …
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