Asian Stocks Down as China Evergrande Crisis Not Over Yet By

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© Reuters. By Gina Lee – Asia Pacific stocks were mostly down on Friday morning, as concerns about the impact from China Evergrande Group's (HK:) financial woes . China’s edged down 0.17% by 9:57 PM ET (1:57 AM GMT) while the edged down 0.20%. Although investors breathed a sigh of relief as concerns over China Evergrande’s debt woes receded somewhat, it remains unclear if and how the developer will pay the more than $300 billion of liabilities that it owes. It also remains unclear how authorities will react to any potential default. Hong Kong’s fell 0.64%. Japan’s jumped 1.73% after returning from a holiday. Data released earlier in the day said that the grew 0% year-on-year in August. The national CPI contracted 0.4% and 0.2% respectively. The data also showed that the for September was 51.2. South Korea’s inched up 0.04% while in Australia, the edged down 0.11%. Investors were also optimistic that the U.S. Federal Reserve’s deci
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