Equity indices in the Asia-Pacific region began the week on a mostly lower note.
China’s troubled developer Evergrande returned to headlines, announcing that it cannot issue new debt and it is scrapping a planned $35 bln debt restructuring.
In addition, one of the company’s subsidiaries is being investigated.
Separately, shares of Country Garden were pressured after bondholders said that they did not receive a payment that was due a week ago.
Japan’s Nikkei: +0.9%
Hong Kong’s Hang Seng: -1.8%
China’s Shanghai Composite: -0.5%
India’s Sensex: UNCH
South Korea’s Kospi: -0.5%
Australia’s ASX All Ordinaries: +0.1%