Shares fell Monday in Asia, with Hong Kong's benchmark pulled lower by property stocks following reports that police had detained staff at the wealth management business of troubled real estate developerTokyo’s markets were closed for a national holiday.
Evergrande's Hong Kong traded shares were up 1.6% after plunging early in the session. Country Garden, another developer facing huge debt obligations amid a slowdown in the industry and a crackdown on excessive borrowing, saw its shares rise 0.9%. The S&P 500 lost 1.2% to 4,450.32. The Dow fell 0.8% to 34,618.24 and the Nasdaq composite gave back 1.6%, closing at 13,708.33.
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