Asia Markets Today: MTR Shares Climb, JAL Continues Plunge

In Asia Monday, the Shanghai Composite Index added 0.4%, ending the day at 3,237. In Japan, the Nikkei 225 Index fell 1.2%, to 10,855 and in Hong Kong the Hang Seng shed 0.9% to close at 21,460.

Hong Kong's MTR Corp. rose 2.1% after the territory's government approved an $8.6 billion project to build a high-speed train connecting Hong Kong to China and its booming economy. With a completion date slated for 2015, the new link would cut the journey time from Hong Kong to Guangzhou in half, with travelers arriving in 48 minutes.