Asian markets fall on WS rise

TOKYO: Hong Kong stocks plunged on Monday on concerns about the potential collapse of troubled property giant China Evergrande after the firm suspended trading in its shares though most other markets in Asia rose after a strong lead from Wall Street.

The crisis at Evergrande, which is drowning in a sea of debt worth more than $300 billion, has roiled markets in recent weeks on fears that its failure could spill over into the wider Chinese economy and possibly further.