Mixed response on stock markets as Evergrande sale plans fall through

Share prices are mixed across Asia after news that the sale of Evergrande’s property management arm has fallen through (AP Photo/Lee Jin-man)

Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through.

Shares slipped in Hong Kong, Seoul and Tokyo, while they rose in Australia and Shanghai.