Asian tech shares jump as Chinese property stocks edge higher

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

South Africa Headlines News

China Evergrande Group makes debt payment and Chinese blue chips climb

A pedestrian walks past an electronic screen displaying the Hang Seng Index, left, and the Hang Seng China Industry Top Index in Hong Kong. Picture: BLOOMBERG/CHAN LONG HEI

Regional bond yields rose with those on US Treasuries, where the market priced in higher inflation by narrowing the spread between short- and long-term yields, and pushing break even rates to the highest since 2012. Chinese blue chips gained 0.3%, with the CSI300 Real Estate Index rising 2.5%. Hong Kong’s Hang Seng rose 0.4%, as an index tracking Hong Kong-listed mainland developers rallied 4.3%.China Evergrande Group wired funds to a trustee account on Thursday for a dollar bond interest payment due on September 23, a source told Reuters on Friday, days before a deadline that would have plunged the embattled developer into formal default. The stock jumped 5.4%.

“The narrative over the last couple of days has been earnings focused and tech stocks have led the charge,” said Kyle Rodda, a market analyst at IG Australia. “There’s momentum there, simple as that.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JSE faces mixed Asian markets on Thursday amid Evergrande jittersPositive corporate earnings lifted US markets overnight, but there are also concerns property giant Evergrande is headed for default
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian shares creep up but Evergrande woes cloud moodWary investors are keeping an eye on the Chinese property giant’s debt troubles Words alone won’t express how thankful I am 💐, I'm recommending you all to you shantelll_142 .....,investing with shantelll_142 has been a good opportunity for me and my family I just received my profit of $5000 within 7 days of investment with the help of shantelll_142
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: At least 80 hurt in Eswatini protests as police fire teargas, rubber bulletsVideos shared online showed people jumping from the windows of a bus enveloped in teargas. Another African democratic success story
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Asian shares creep up but Evergrande woes cloud moodWary investors are keeping an eye on the Chinese property giant’s debt troubles Words alone won’t express how thankful I am 💐, I'm recommending you all to you shantelll_142 .....,investing with shantelll_142 has been a good opportunity for me and my family I just received my profit of $5000 within 7 days of investment with the help of shantelll_142
Source: BDliveSA - 🏆 12. / 63 Read more »

Balwin Properties shares positive resultsBalwin, which is the country’s largest sectional title developer says it sold 400 more at an average price of just under R1,2 million but the apartment prices are growing slower than the inflation rate.
Source: eNCA - 🏆 49. / 51 Read more »

New Audi A3 appeals despite high cost of extrasThe latest edition of the premium hatch has smarter looks and enhanced tech - at a price
Source: BDliveSA - 🏆 12. / 63 Read more »