Market sentiment remains dicey on early Friday as a pullback in the US Treasury bond yields allow the stock futures and Asia-Pacific shares to pare re
S&P500 Futures lick its wounds at seven-week low, prods three-day downtrend but lacks recovery momentum.China’s Evergrande fuels debt woes by filing for bankruptcy proceeding in the US court, fears about Country Garden escalate.remains dicey on early Friday as a pullback in the US Treasury bond yields allow the stock futures and Asia-Pacific shares to pare recent losses amid a sluggish trading day so far.
Talking about the key risk catalysts, China’s second-large realtor, as well as the world's most heavily indebted property developer, Evergrande filed for protection from creditors in a US bankruptcy court on Thursday, per Reuters. The same escalate fears surrounding the world’s second-largest economy, as well as the global economic transition, as it battles with the slowing economic recovery and fuels concerns about the financial health of China’s biggest realtor, namely Country Garden.
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