Asian shares were mixed Friday amid concerns over troubled Chinese real estate developer Evergrande and over the pandemic.
Japan’s benchmark jumped after reopening from Thursday’s national holiday, but shares were little changed in South Korea and China.
Evergrande Group’s 3333, -7.12% announcement that it was making a payment due Thursday has helped to ease worries over whether it might default on its huge debt obligations. Masayuki Tsunashima of Mizuho Bank warned risks remained for markets from the potential troubles at Evergrande. Prolonged coronavirus outbreaks also pose risks, he said.
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