Markets in mainland China tumbled on Wednesday, after returning to trade from a two-day holiday, falling more than 1% amid the ongoing Evergrande crisis.
With global markets selling off earlier this week, investors will be keeping a close watch on the China markets for any fallout surrounding the embattled developer.
The Shanghai composite fell 1.44% in early trade while the Shenzhen component dropped 1.606%.
Elsewhere in Asia, the Nikkei 225 in Japan hovered above the flatline while the Topix index shed 0.26%. The Taiex in Taiwan dropped 1.69%
In Australia, the S&P/ASX 200 edged 0.33% higher.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.3% lower.
Markets in Hong Kong and South Korea are closed on Wednesday for holidays.
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