Investors look at computer screens showing stock information in Shanghai, China. Picture: REUTERS/ALY SONG
Markets in Taiwan and China reopened lower after a two-day break, catching up with a sharp selloff around the world triggered by concern over Evergrande’s predicament, but were soon paring losses as the payment promise buoyed the mood. Evergrande is still due to pay $83.5m in interest on a separate dollar bond, but the signal that it has at least some ready cash for creditors seems to have cheered investors.
Overnight on Wall Street the S&P 500 fared little worse than flat, to sit about 4% below a record peak made early in September. “As a consequence, Evergrande can perhaps be seen not so much as a potential crisis trigger but rather a symptom of a broader policy shift which threatens Chinese growth as politics dominate economic considerations.”
Until the whole world get to know how good and generous she is I won't stop saying this because my life has taken another great shape financially, LindaStouffes
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Working from home places business growth at risk — reportManagers across industries say they are finding it difficult to supervise their teams virtually while younger employees face more distractions at home, putting productivity in businesses at a risk of decline. For the profits good works deserve good recommendation I have received my profits directly to my capitec bank account and I don't need a lot of words to prove that you are legitimate because I have seen it all Cryptojebb0
Source: SowetanLIVE - 🏆 13. / 63 Read more »
MARKET WRAP: JSE claws its way back from Monday’s routReassurances from beleaguered China Evergrande offer some relief but analysts point to other negative factors
Source: BDliveSA - 🏆 12. / 63 Read more »