Connect with us


Asian stocks fall and lengthen losses as Evergrande’s debt maturity in China approaches




By Gina Lee

Shares of Asia-Pacific were down Monday morning. Investors in the region have continued to sell stocks as concerns over the debt situation of the China Evergrande group (HK: 3333) persist.

Japan’s Nikkei 225 slipped 1.83% at 9:39 p.m. ET (1:39 GMT) as markets reopened after a public holiday. The Bank of Japan will render its political decision on Wednesday.

In Australia, the ASX 200 edged down 0.11%, with the Reserve Bank of Australia publish the minutes of its last meeting earlier today.

Hong Kong’s Hang Seng Index fell 0.79%.

The Korean and Chinese markets were closed on Tuesday.

Treasury bills kept an advance on the US Federal Reserve’s latest policy decision, which will also be released on Wednesday. Investors will be looking for clues on the central bank schedule for asset reduction and interest rate hikes.

Officials including Fed Chairman Jerome Powell, Governor Michelle Bowman and Vice President Richard Clarida to discuss economic recovery after COVID-19

Across the Atlantic, the bank of england will make its political decision on Thursday.

In Asia-Pacific, concerns over whether China Evergrande Group will be able to pay his $ 300 billion in debt. The company has an interest payment of $ 83.5 million for its March 2022 bond due Thursday and a second interest payment of $ 47.5 million due September 29 for its March 2024 notes.

Markets are clearly worried about the potential ripple effects of Evergrande, as well as some nervousness over the September Fed meeting, Cliff Hodge, chief investment officer of Cornerstone Wealth, told Bloomberg.

We were in the camp that was late for a correction, something in the 5% -10% range which is a buyable withdrawal. At the moment, they weren’t worried about a stock market crash. The Fed and Evergrande are not new.

China’s real estate sector is one of many countries facing increased restrictions under President Xi Jinping’s Common Prosperity Initiative. It comes amid new outbreaks of COVID-19 in the country, hampering economic recovery and the prospect of reduced political support from the People’s Bank of China.

Related Articles

Asian stocks fall and lengthen losses as Evergrande’s debt maturity in China approaches

US SEC Warns Investors About The Risks Of Certain Chinese Business Entities

Global equities rocked by Evergrande crisis as debt payment test looms




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]