Asian shares moved higher on Thursday, supported by some positive news from struggling developer China Evergrande Group (3333.HK), while the dollar held near a one-month top after the U.S. Federal Reserve took a hawkish tilt overnight.
However, investors remained on edge about Evergrande's future, with a major test to come later on Thursday when $83.5 million in dollar-bond interest payments are due.
Evergrande's shares (3333.HK) surged 23% on Thursday after a unit said on Wednesday, when the Hong Kong market was closed for a holiday, that it had "resolved" a coupon payment on an onshore bond.
The Hong Kong benchmark (.HSI) rose 1.6%, boosting MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), which gained 0.64%
Elsewhere, Chinese blue chips (.CSI300) gained 0.74%, Australia's benchmark (.AXJO) rose 1.04%, and Korea's Kospi (.KS11) fell 0.6% after returning from a three-day break to catch up with global falls earlier in the week.
U.S. stock futures, the S&P 500 e-minis , were up 0.31%.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.74%.
Markets in Japan are closed on Thursday.
· European markets in positive territory as investors digest Fed comments
The pan-European Stoxx 600 index was trading 0.7% higher Thursday, with all sectors in positive territory.
· SoftBank-backed Oyo to file for $1.2 billion IPO next week - source
SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told Reuters on Thursday.
Reference: Reuters, CNBC
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