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Asia Pacific stocks declined in Monday morning trade as developments on the coronavirus pandemic continue to be watched by investors.

In Japan, the Nikkei 225 dipped slightly while the Topix index was flat in early trade. South Korea’s Kospi shed 0.38%.

Shares in Australia also edged lower, with the S&P/ASX 200 down 0.16%.

Overall, the MSCI Asia ex-Japan index traded 0.15% lower.

In market developments, the first batch of firms listing on the Nasdaq-style ChiNext Board under its revised IPO system is set to make their debut on Monday. New regulations also now allow stocks on ChiNext to now rise or fall up to 20% in a session, as compared with 10% previously, according to Reuters.

Reference: CNBC