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investors continue watching Evergrande situation


SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade as investors in Asia-Pacific continue monitoring the situation surrounding China Evergrande Group.

South Korea’s Kospi, returning to trade from holidays earlier in the week, slipped 0.8%. The S&P/ASX 200 in Australia edged 0.19% higher.

The MSCI’s Asia-Pacific share index outside Japan was 0.13% less.

Questions remain over whether embattled Chinese developer Evergrande will pay the interest due on a dollar-denominated bond on Thursday. Hong Kong markets will trade today, following a Wednesday holiday.

Japan’s markets are closed for trading on Thursday.

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The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.485 following a recent spike from around 93.

The Japanese yen traded at 109.80 per dollar after weakening yesterday from below 109.5 against the greenback. The Australian dollar changed hands at $0.7232, below levels around $0.728 seen earlier in the week.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.3% to $75.96 per barrel. U.S. crude futures Oil prices fell by 0.32%, to $72 per barrel.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.