Men wearing protective face masks amid the Covid-19 outbreak look at an electronic board displaying Japan's Nikkei Index outside a brokerage in Tokyo. Japan’s benchmark advanced but other Asian markets were lower Friday (Sept 24, 2021) amid concerns over troubled Chinese real estate developer Evergrande and the Covid-19 pandemic. - Reuters
TOKYO, Sept 24 (AP): Japan’s benchmark advanced but other Asian markets were lower Friday amid concerns over troubled Chinese real estate developer Evergrande and the Covid-19 pandemic.
Some Chinese banks have disclosed what they are owed by Evergrande, seeking to dispel fears of financial turmoil as it struggles under $310 billion in debt. The lenders say they can cope with a potential default. Evergrande’s announcement that it was making a payment due Thursday seemed to help ease some worries.
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