Onshore yuan closed at 6.7019 per dollar at 16:30 on Sep 22, down 64 pips from the previous trading day.

The Washington Post, citing three people, reported Vice President Vance and administration officials plan to announce on Tuesday that they will remove several hundred thousand people from Affordable Care Act coverage, citing suspected fraud in enrollment. The government also plans to temporarily suspend the eligibility of some insurance brokers found to have improperly assisted consumers with ACA sign-ups. Officials earlier said an anti-fraud task force is investigating ACA enrollment fraud.

India's Nifty 50 pared intraday losses, trading down 0.09%.