Asian tech shares jump, China property stocks rally as Evergrande makes payment
Tech stocks climbed in Asia on Friday, following U.S. peers higher, while Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group.
Asia stocks advance; Evergrande shares jump following reports it will pay interest due on bond
Asia-Pacific markets rose in Friday trade, as shares of China Evergrande Group surged in Hong Kong following media reports that the embattled developer is set to pay off a coupon payment on a dollar-denominated bond.
The broader Hang Seng index in the city gained 0.44%. Mainland Chinese stocks were also higher, with the Shanghai composite rising fractionally while the Shenzhen component climbed 0.787%.
Nikkei rises on Evergrande debt payment; election, corporate outlook weigh
The Nikkei share average rose 0.69% to 28,905.86 by 0203 GMT, snapping a 0.56% drop earlier in the session. But the index is set to lose 0.55% for the week. The broader Topix rose 0.38% to 2,008.34.
European markets cautiously higher as China property fears cool; Earnings, data in focus
European stocks inched slightly higher on Friday as fears over the Chinese property market cooled, while investors monitor corporate earnings and key economic data.
The pan-European Stoxx 600 gained 0.2% in early trade, with household goods adding 0.9% while telecoms stocks fell 0.5%.
Thai
Eng