SINGAPORE — 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.
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.
Overnight stateside, the Dow Jones Industrial Average dipped 50.63 points to 33,919,84 while the S&P 500 declined around 0.1% to 4,354.19. The Nasdaq Composite outperformed, rising 0.22% to 14,746.40.
Investors look ahead to the policy statement from the U.S. Federal Reserve, expected Wednesday stateside, for signals on when the central bank could taper its bond purchase program.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.187 after sliding from levels above 93.3 earlier in the week.
The Japanese yen traded at 109.43 per dollar, having strengthened form around 110 against the greenback earlier this week. The Australian dollar changed hands at $0.7262 following its decline yesterday from above $0.725.