Japanese stocks skidded on Monday, helping the yen rebound from a fresh seven-year low against the dollar touched after news Japan unexpectedly fell into recession in the third quarter. Meanwhile, Shanghai .SSEC and Hong Kong .HSI opened around 1 percent higher but quickly erased gains on suspected profit-taking by traders who had positioned for the launch of the Stock Connect scheme that will let Hong Kong and Shanghai investors buy and sell shares on each other’s bourses. “The market had already responded to the stock link,” Andy Wong, senior investment analyst at Harris Fraser (International) Ltd in Hong Kong said, referring to the Hong Kong market. “Short-term investors are taking profits from the market.” Much of the cash flow is expected to be northbound at first, as foreign investors on the Hong Kong Exchange ( 0388.HK ) target mainland shares under a daily quota of 13 […]