TOKYO (AP) — Asian shares mostly sank Tuesday over worries about a possible U.S. government shutdown and the troubled Chinese economy.
Japan’s benchmark Nikkei 225 index slipped 1.0% in afternoon trading to 32,357.25. Australia’s S&P/ASX 200 dipped 0.5% to 7,044.90. South Korea’s Kospi dropped nearly 1.3% to 2,463.63. Hong Kong’s Hang Seng shed 0.9% to 17,576.83, while the Shanghai Composite fell 0.2% to 3,109.69.
Investors are watching for Chinese economic indicators being released later in the week.
“The Chinese property woes are far from over, as the notorious developer Evergrande defaulted on its 4 billion yuan onshore bond repayment and delayed the restructuring meetings,” said Tina Teng, market analyst at CMC Markets APAC & Canada.
Wall Street clawed back some of its steep losses from last week. The S&P 500 rose 17.38, or 0.4%, to 4,337.44, coming off its worst week in six months. The Dow Jones Industrial Average edged up 43.04, or 0.1%, to 34,006.88, and the Nasdaq…
2023-09-26 01:25:47
Link from finance.yahoo.com
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