Asia stocks dropped on Monday as investors weighed the potential impact of recent spikes in coronavirus cases. In Japan, Nikkei 225 dropped 3.47% to close at 21,530.95 while the Topix index slipped 2.54% to end its trading day at 1,530.78. Over in South Korea, the Kospi plunged 4.76% to close at 2,030.82. Mainland Chinese stocks were lower on the day, with the Shanghai composite down 1.02% to around 2,890.03 while the Shenzhen component dipped 0.528% to about 11,192.27. Hong Kong's Hang Seng index declined 2.16% to close at 23,776.95. Meanwhile, the S&P/ASX 200 in Australia fell 2.19% to close at 5,719.80. Overall, the MSCI Asia ex-Japan index dropped 2.21%.
