SINGAPORE — Shares in Asia-Pacific looked set for a lower Tuesday start as investors continue to monitor the situation surrounding embattled developer China Evergrande Group.

Futures pointed to a lower start for Japanese stocks, which return to trade Tuesday following a holiday yesterday. The Nikkei futures contract in Chicago was at 29,600 while its counterpart in Osaka was at 30,350. That compared against the Nikkei 225’s last close at 30,500.05.

Australian stocks also looked set to slip at the open, with the SPI futures contract at 7,118.0, against the S&P/ASX 200’s last close at 7,248.20.

The liquidity crisis over at China Evergrande Group could continue weighing on investor sentiment regionally after the Hang Seng index in Hong Kong was dragged down by more than 3% on Monday.

Markets in mainland China and South Korea are closed on Tuesday for a holiday.

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Overnight stateside, the S&P 500 saw its worst day since May, dropping 1.7% to 4,357.73. The Dow Jones Industrial Average plunged 614.41 points to 33,970.47 while the Nasdaq Composite fell 2.19% to 14,713.90.


The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.276 following its climb late last week from about 92.8.

The Japanese yen traded at 109.35 per dollar, having strengthened yesterday from around 110 against the greenback. The Australian dollar changed hands at $0.7255 as it struggles to recover after declining from above $0.73 last week.

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