Stocks in Asia-Pacific were lower in Wednesday morning trade, as investors monitor a speech from Chinese President Xi Jinping.
Mainland Chinese stocks were lower, with the Shanghai composite down about 0.5% while the Shenzhen component declined 0.554%. The Hang Seng index in Hong Kong was slightly higher.
Hong Kong-listed shares of China Evergrande Group tanked by more than 15% on Wednesday morning after the firm announced a share placement with estimated gross proceeds of 4.3 billion Hong Kong dollars ($555 million).
In Japan, the Nikkei 225 slipped fractionally while the Topix index shed 0.51%. South Korea’s Kospi declined 0.52%.
Meanwhile, shares in Australia were lower, with the S&P/ASX 200 slipping slightly.
Over in Southeast Asia, the Straits Times index in Singapore dipped 0.5% after official estimates showed the country’s economy contracted 7% in the third quarter as compared to a year ago.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded about 0.1% lower.