Asia shares mostly fall on China energy, Evergrande worries
ABC News
Asian shares are mostly lower as concerns about China chip away at investor optimism after a mixed finish on Wall Street
TOKYO -- Asian shares mostly fell Tuesday as concerns about China chipped away at investor optimism following a mixed finish on Wall Street.
Japan's benchmark Nikkei 225 lost 0.2% to finish at 30,183.96. Australia's S&P/ASX 200 slipped 1.5% to 7,275.60. South Korea's Kospi declined 1.1% to 3,100.60. Hong Kong's Hang Seng added 1.5% to 24,575.92. The Shanghai Composite index climbed 0.5% to 3,601.91.
A power crunch in some parts of China has shut down factories and left some households without electricity under an effort to meet official energy use targets. That could have global repercussions, including on supplies needed for manufacturing throughout Asia, coming right ahead of the year-end shopping season.
That's on top of parts and raw material shortages that already ail regional manufacturing because of supply disruptions caused by the coronavirus pandemic.