Asian stocks were steady Friday, bolstered by reports indicating that indebted developer China Evergrande Group may meet a key payment deadline. Treasuries trimmed a drop spurred by inflation worries.
Equities advanced in China, Hong Kong and Japan. Local media said Evergrande transfered interest on a dollar bond before the end of a closely watched grace period. The yen weakened, the offshore yuan climbed and Australia’s dollar strengthened on the report. Concerns have been swirling about possible contagion from any default by the firm.
"Market" - Google News
October 22, 2021 at 05:09AM
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Stock Market Today: Dow, S&P Live Updates for Oct. 22, 2021 - Bloomberg
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