# Asia markets fight for footing as investors fret over Evergrande crisis

> Asian markets were unsettled as investors worried about the Evergrande crisis, with Evergrande shares falling 4%. The yuan steadied in offshore trade after reaching a three-week low the previous day.

- Date: 2021-09-21 · published 2021-09-21T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/45279-asia-markets-fight-for-footing-as-investors-fret-over-evergrande-crisis
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Equity and currency stress tied to Evergrande can weigh on China's growth expectations and sentiment toward commodity demand, though the direct effect on feed prices is limited.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-09-11 | [US-China trade war: Investors could soon favor yuan over dollar, former PBOC governor says](https://feedsoft.ai/events/63269-us-china-trade-war-investors-could-soon-favor-yuan-over-dollar-former-pboc.md) | -0.0% | +1.0% |
| USDCNY | 2018-03-30 | [The yuan can't win back investor trust  - Nikkei Asia](https://feedsoft.ai/events/66214-the-yuan-can-t-win-back-investor-trust-nikkei-asia.md) | +0.3% | +0.7% |
| USDCNY | 2024-09-29 | [Asia markets live: Nikkei 225 drop, China PMI on tap, Ishiba election](https://feedsoft.ai/events/28545-asia-markets-live-nikkei-225-drop-china-pmi-on-tap-ishiba-election.md) | +0.1% | +1.6% |
| USDCNY | 2021-07-28 | [Havens favoured as China jitters persist; dollar waits for Fed - Markets - Business Recorder](https://feedsoft.ai/events/45976-havens-favoured-as-china-jitters-persist-dollar-waits-for-fed-markets-business.md) | -0.6% | -0.6% |
| USDCNY | 2024-11-04 | [Yuan bounces as traders brace for US election volatility - Markets - Business Recorder](https://feedsoft.ai/events/6695-yuan-bounces-as-traders-brace-for-us-election-volatility-markets-business.md) | +0.8% | +2.3% |

## Sources

- reuters.com: https://www.reuters.com/business/global-markets-corrected-wrapup-3pix-2021-09-21/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.