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Asian shares mixed on China developer, virus concerns

KTVZ

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Asian shares are mixed 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. Australia’s index fell. On Wall Street, stocks rose broadly for a second day in a row, reversing losses for the week. Investors were pleased to have gotten some clarity from the Federal Reserve a day earlier that it was not on the verge of raising interest rates. Evergrande’s announcement that it was making a payment due Thursday helped to ease worries over whether it might default on its huge debt obligations. 

Associated Press

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