Asian stocks broadly higher after Evergrande makes bond payment

Evergrande's reported bond coupon payment is a positive development towards supporting market sentiment for the immediate term.

SINGAPORE: Most emerging Asian stock markets recouped early losses on Friday after embattled developer China Evergrande Group made a bond payment to avert a default, but gains were muted, with Indonesia shares threatening to snap a five-week winning streak.

China, Jakarta, South Korea and Singapore equities all opened lower but later rose between 0.1% to 0.4%, while Malaysia shares trimmed some losses.