Asian stocks modestly lower as Evergrande demise looms

SYDNEY, NSW, Australia - Stocks in Asia closed modestly lower Monday as markets appeared to be coming to grips with the Omicron variant, while in Hong Kong the demise of China Evergran de edged closer.

The embattled property giant told regulators on Friday it had received a demand for repayment of $269 million which it admitted it would have difficulty in meeting.

"In the event that the Group is unable to m