- Hong Kong's Hang Seng index led losses in Monday trade, with shares of embattled Chinese developer China Evergrande Group continuing to drop.
- The Hang Seng Properties index dropped to a 52-week low, falling 6.69% on the day.
- Markets in mainland China, Japan and South Korea were closed on Monday for holidays.
The Hang Seng index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after falling as much as 17% earlier.
The Hang Seng Properties index dropped to a 52-week low, falling 6.69% on the day.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.6%.
Markets in mainland China, Japan and South Korea were closed on Monday for holidays.
Over on Wall Street, stocks have struggled in the seasonally weak month of September, with the Dow Jones Industrial Average seeing three straight weeks of losses — its first in 2021.
Investor focus for the week will likely be on the U.S. Federal Reserve's upcoming September meeting for clues on the central bank's tapering of its easy monetary policy.
Oil falls 1%
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.368 after a recent jump from below 93.