Asian markets end mostly lower on Monday

Asian markets ended mostly lower on Monday as China Evergrande group’s debt crisis continued to cast doubt over China's economic growth, while Chinese markets were closed for the National Day holiday and South Korea for National Foundation Day. Also, the fate of the US Biden Administration's flagship spending bills remained unclear. Japanese shares declined despite positive cues from Wall Street overnight, while Japan’s Fumio Kishida takes office as the Country’s new prime minister. Hong Kong shares ended lower as trading in shares of heavily indebted China Evergrande was suspended after it missed a second key bond interest payment. Chinese developer Hopson also suspended trading of its shares, citing an impending announcement of a major transaction.