The main index on the Hong Kong Stock Exchange rose by more than 1 percent on Thursday morning. The share of the crisis-stricken real estate giant Evergrande is rising sharply.
Thursday was the first trading day after a short break, and in the meantime, the debt-laden Chinese real estate giant Evergrande has assured the market that the debt will not be defaulted.
As a result, the Hang Seng index in Hong Kong rose 1.62 percent at the opening of trading on Thursday. At 11 o’clock, the index was up 1.2 percent.
The news of Evergrande’s willingness to pay also sends the company’s share price up. At most, it rose by 32 percent, but it has since fallen back and is now at just over 11 percent.
Also read: Continued fears of Evergrande collapse on Asian stock markets
In mainland China, the Shanghai Composite Index rose 0.3 percent, while the main index on Shenzhen, the country’s second-largest stock exchange, was up 0.6 percent at lunchtime.
The Evergrande news sent stock markets up in the US as well before closing on Wednesday.
In Taiwan, the stock market has risen 0.8 percent, while the Kospi index in Seoul has fallen 0.6 percent at lunch.
In Tokyo, the stock exchange is closed due to a public holiday.
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