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Tag Archives: HOND KONG

Melt in Evergrande fears pushed Hong Kong to lead Asian markets

HONG KONG: 23 Sept.— Asian markets stemmed Thursday as concerns of troubled property giant, Evergrande, receded for now, while Federal Reserve plan to begin scaling back its ultra-loose monetary policy also cheered investors.Positive start to day followed a rally of around one percent for all three main Wall Street indexes, where investors also welcomed a Fed statement on tapering its vast bond-buying programme.Hong Kong led advances as it reopened after a midweek break to catch up with news that Evergrande had agreed a plan to repay interest to its domestic bondholders, soothing worries of a default that have raised talk of a hammer blow to the Chinese economy.And while Wednesday's statement was vaguely worded -- not detailing how much ...

September 23, 2021 at 12:29 pm | Economic Affairs