HONG KONG : Asian shares moved higher on Thursday, supported by some positive news from struggling developer China Evergrande Group, while the dollar held near a one-month top after the U.S. Federal Reserve took a hawkish tilt overnight.
Evergrande's shares surged 23per cent on Thursday after a unit said on Wednesday, when the Hong Kong market was closed for a holiday, that it had"resolved" a coupon payment on an onshore bond. Investors were also focused on the U.S. Federal Reserve, which said overnight it will likely begin reducing its monthly bond purchases as soon as November and signalled interest rate increases may follow more quickly than expected.
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