October 20, 2021

Asian stock markets jittery as China woes sap confidence

A man wearing a protective mask, amid the COVID-19 outbreak, is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo, Japan, September 21, 2021. REUTERS/Kim Kyung-Hoon

HONG KONG, Sept 24 (Reuters) – Asian shares were on edge on Friday hurt by persistent uncertainty around the fate of debt-ridden China Evergrande, even as more risk appetite drove gains for Wall Street and U.S. benchmark Treasury yields.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) lost 0.1% and was set for a weekly loss of 0.68%. Australian (.AXJO) shares fell 0.41% while the Hong Kong benchmark (.HSI) was mostly flat.

Japan’s Nikkei (.N225) rose 1.93%, however, catching up on global gains after a public holiday. Chinese blue chips (.CSI300) reversed early losses to gain 0.6% after a cash injection from the central bank brought its weekly injection to 270…

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