HONG KONG, China  -Asian markets posted sharp losses on Monday after falls in US tech stocks and as concerns over China's property sector weighed on sentiment. Leading the losers in Hong Kong — where shares closed down more than one percent — was developer  Country Garden , after it missed bond payments and warned of multi-billion-dollar losses, deepening concerns over China's heavily indebted real estate sector. Its shares were down more than 18 percent at the close, days after its billionaire boss Yang Huiyan said the firm was 'facing the greatest difficulties since our establishment'.

https://business.inquirer.net/415855/asian-markets-fall-on-china-property-woes

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