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Asia markets, yuan fight to stabilise as Evergrande looms large

From channelnewsasia.com

Global stock markets grappled with contagion fears on Tuesday, sparked by troubles at China Evergrande as growing risks the property giant could default on its massive debt pile prompted investors to flee riskier assets. Asian markets were jittery in volumes thinned by public holidays in China, Taiwan and South Korea. The Hang Seng recovered from an early drop to trade near flat as financials and property firms bounced, while JaS&P 500 futures rose 0.3per cent following the index's biggest fall in two months overnight and the Chinese yuan rebounded in offshore trade to recover Monday losses. Markets in mainland ... (full story)

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  • Category: Fundamental Analysis