Asian markets mixed; China Evergrande shares suspended

Asian markets are mixed, with Hong Kong's benchmark down more than 2% after troubled property developer China Evergrande's shares were suspended from trading

Asian markets were mixed on Monday, with Shanghai closed for the National Day holiday.

Hong Kong’s benchmark shed more than 2% after troubled property developer China Evergrande’s shares were suspended from trading.

The company did not say why, but a Chinese financial news service, Cailian, said another major developer was planning to buy Evergrande's property management unit.

Evergrande is struggling to make payments on tens of billions of dollars worth of debt as it endures a cash crunch brought on by a tightening of Chinese government restrictions on debt-leveraged financing.