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Asian shares were mixed Friday after a late-in-the-day wave of buying pushed the S&P 500 to a fresh record high.
Benchmarks rose in Hong Kong and Tokyo but fell in Sydney and Shanghai.
An official newspaper, the Securities Times, said China Evergrande Group made an overdue bond payment on Friday.
BEIJING (AP) — A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial markets says it has called off the sale of a $2.6 billion stake in a subsidiary and has made no progress in selling other assets.
Shares are mixed in Asia after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through.
Shares slipped in Hong Kong and Tokyo but rose in most other regional markets.
BEIJING (AP) — China’s central bank said Friday that financial risks from China Evergrande Group’s debt problems are “controllable” and unlikely to spill over, amid growing investor concerns that the crisis could ripple through other developers.
HONG KONG (AP) — Shares in troubled real estate developer China Evergrande Group and its property management unit Evergrande Property Services were suspended from trading in Hong Kong on Monday as investors awaited the next steps in the saga of its debt crisis.