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Hong Kong’s Hang Seng Index soars almost 2% and Evergrande’s share price soars

Singapore — Asia Pacific stocks were mostly high in Thursday morning trading as investors in the Asia Pacific region continue to monitor their surroundings. China Evergrande..

Hong Kong Hang Seng Index After losing at the beginning of the week, it surged 1.86%. After the Wednesday holiday, I returned to trading. The city’s China Ever Grande Group’s share has skyrocketed by more than 22%, again after a few days of loss, but the year-to-date plunge is still over 80%.

According to Reuters, the chairman of the China Evergrande Group said helping wealthy investors redeem their products was the company’s top priority, but embarrassed Chinese developers said. Interest on Thursday’s dollar-denominated bonds..

The share of other Hong Kong-listed Chinese real estate developers has also risen: China Vanke I jumped 6%, Sun Hung Kai Properties It increased by more than 1%. Country garden Soared 8%.

Meanwhile, Hong Kong listed stock HSBC It increased by more than 2%. These benefits came after HSBC CEO said Evergrande’s debt problems would not have a direct impact on lenders, according to Reuters.

Inventories in mainland China are also high Shanghai Composite While rising 0.85% Shenzhen component It advanced by 0.577%.

Korean KOSPIReturning to trading from the first holiday of the week, it fell 0.51%. NS S & P / ASX 200 In Australia it rose 1.07%.

MSCI’s widest non-Japanese Asia Pacific stock index traded 0.76% higher.

The Japanese market is closed on Thursdays.

Stock Selection and Investment Trends from CNBC Pro:

Currency and oil

NS USD indexTracking greenbacks against peer baskets was 93.467, following a recent surge from around 1993.

NS JPY It traded at 109.89 per dollar after weakening against the greenback from below 109.5 yesterday. NS Australian dollar I changed my hand at $ 0.7238, which is below the level of about $ 0.728 seen at the beginning of the week.

Crude oil prices were high in the morning of Asian trading hours on international benchmarks Brent Crude Futures $ 76.46 a barrel, up 0.35%. US Crude Oil Futures It rose 0.3% and traded at $ 72.45 a barrel.

Hong Kong’s Hang Seng Index soars almost 2% and Evergrande’s share price soars

Source link Hong Kong’s Hang Seng Index soars almost 2% and Evergrande’s share price soars

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