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Asian Market Updates : Asia Stocks Extend Drop; Dollar, Treasuries Dip

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A selloff in stocks continued in Asia on Tuesday amid concern about China’s crackdown on the real-estate sector and the debt crisis at developer China Evergrande Group.

Japan slid after reopening following a holiday, while Australia and Hong Kong fluctuated. U.S. futures edged up, suggesting a degree of improvement in sentiment. Property stocks in Hong Kong bounced after Monday’s plunge as Sun Hung Kai Properties disputed reports China is pressuring the city’s developers. Dip-buyers in the last hour of trading helped the S&P 500 pare some losses, though the gauge still posted the biggest drop since May.

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