Sept 21 (Reuters) - Australian shares fell for a third
straight session on Tuesday as financial and tech stocks
weighed, while debt crunched property firm China Evergrande
rocked global markets on concerns about spillover risks to the
world's second-largest economy.
The S&P/ASX 200 index fell 0.4% to 7,221.5 at 0102
GMT, after losing 2.1% on Monday in its steepest drop since Feb.
Investors have been unnerved by the fallout from heavily
indebted real estate company China Evergrande Group,
and were gauging the potential for a wider shakeout after a
selloff hit stocks around the world.
Overnight, all three major U.S. indexes ended sharply lower
in a broad sell-off on fears of contagion from potential
collapse of the Chinese real estate firm.
In Australia, the heavyweight financial stocks shed
nearly 1%, with Janus Henderson Group Plc dropping 4%,
followed by Zip Co Ltd losing 3.8%.
The "Big Four" banks declined between 1.2% and 1.9%.
Tech stocks slipped more than 1%, as they tracked
the Nasdaq index, which overnight suffered its biggest
single-day drop since May.
Bucking the trend, miners rose about 1.1%, with
global miners Rio Tinto, BHP Group and
Fortescue Metals Group gained between 0.4% and 1.6%.
Coal miner New Hope Corp jumped as much as 5.3%,
after it swung to a full-year profit and forecast a strong
performance by its businesses in fiscal 2022.
Energy stocks were up 1.04%, led by Whitehaven Coal
Ltd rising 3.5%, followed by Ampol Ltd gaining
In New Zealand, the benchmark S&P/NZX 50 index fell
0.57% to 13,104.
Elsewhere, Japan's Nikkei was down 1.62%.
(Reporting by Aditya Munjuluru; Editing by Rashmi Aich)