Asian investors soothed by Evergrande bond plan


HONG KONG (AFP): Asian investors trod carefully on Wednesday (Sept 22) but nerves appeared to be settled by news that troubled Chinese property giant Evergrande had agreed on a plan to repay interest on one of its key bonds, for now avoiding a default that many fear could hammer the domestic and global economy.

However, confidence remains at a premium as traders await a crucial meeting of the Federal Reserve, where it could announce a timetable to start tapering its vast monetary easing programme.

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Asian , equities , Sept 22 , opening

   

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