Asian Shares Slip as Evergrande, Inflation Worries Sap Positive Mood

A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, on June 21, 2021. Kim Kyung-Hoon/Reuters

TOKYO—Asian shares dipped on Monday as concerns about China’s property sector and inflation worries offset upbeat U.S. data and positive news on new drugs to fight the coronavirus.

Trading in shares of debt-laden China Evergrande was suspended after it missed a key interest payment on its offshore debt obligation for the second time last week.