China: Markets open 1.4% down

[HONG KONG] Mainland Chinese stocks lost more than 1 per cent at the start of Wednesday as they reopened after an extended weekend, with traders spooked by fears about the impact of the potential collapse of property giant Evergrande.

The Shanghai Composite fell 1.40 per cent or 50.76 points to 3,563.21, while the Shenzhen Composite Index on China's second exchange also dropped 1.40 per cent or 34.22 points to 2,411.83.

Hong Kong was closed for a holiday.

AFP