Evergrande turmoil drags down Japan stocks on holiday return

Other Asian markets flat as investors await news on property developer

20210921 nikkei stock

Tokyo stocks fell sharply in morning trade on Sept. 21, following other major markets lower on China Evergrande turmoil. (Photo by Tetsuya Kitayama)

NARAYANAN SOMASUNDARAM and JADA NAGUMO, Nikkei staff writers

HONG KONG/TOKYO -- Japanese stocks are the latest to be caught up in the global sell-off sparked by the looming default of property developer China Evergrande Group, with the main Tokyo share index closing down more than 2% on Tuesday.

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