Singapore: Asia-Pacific investors continue to monitor the situation around China’s Overgrade Group, with shares in Asia-Pacific rising sharply.
The Hong Kong Hang Singer index jumped 1.86% after losing earlier this week. He returned to business after a break on Wednesday. China’s overgrown group shares in the city have risen more than 22%, even after days of losses — although the annual decline is still more than 80%.
The chairman of the China Evergranda Group said on Thursday that the company’s main focus was on helping investors invest in their products, although the question remains as to whether the Chinese developer will pay interest on the dollar-denominated bond on Thursday.
Shares of other Hong Kong-listed Chinese real estate investors also increased: China’s Vanke jumped 6%, and San Hang Kai rose more than 1%. Homeland Security increased by 8%.
Meanwhile, Hong Kong’s HSBC shares rose more than 2 percent. The findings came after the HSBC chief executive said that the overdraft debt problems would not have a direct impact on the lender, Reuters reported.
Major Chinese stocks were also high, with Shanghai’s consolidation up 0.85% and China’s trading volume up 0.577%.
South Korea’s Caspian, which returned to business earlier this week, fell 0.51%. In Australia, the S&P / ASX 200 is up 1.07%.
Outside Japan, MSCI-wide shares of MSCI are up 0.76%.
Markets in Japan closed on Thursday.
Currencies and oil
The US dollar index, which monitors green returnees from their peers’ basket, was 93,467 following the recent rise of about 93.
Japan’s yen traded at $ 109.89 after weakening below 109.5 with a greenback yesterday. The Australian dollar traded lower than $ 0.728 earlier in the week, or $ 0.7238.
During the trading hours in Asia, oil prices rose sharply, and Brent crude rose 0.35% to $ 76.46 per barrel. The U.S. stock price rose 0.3% to $ 72.45 a barrel.