Home World Australia stocks set to open little changed; investors continue watching Evergrande situation

Australia stocks set to open little changed; investors continue watching Evergrande situation

by Asia Insider

SINGAPORE — Shares in Australia looked set to open little changed as investors in Asia-Pacific continue monitoring the situation surrounding China Evergrande Group.

The SPI futures contract was at 7,290.0, against the S&P/ASX 200’s last close at 7,296.90.

Questions remain over whether embattled Chinese developer Evergrande will pay the interest due on a dollar-denominated bond on Thursday. Hong Kong markets will resume trading today after a holiday on Wednesday.

Markets in Japan are closed on Thursday.

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Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.462 following a recent spike from around 93.

The Japanese yen traded at 109.78 per dollar after weakening yesterday from below 109.5 against the greenback. The Australian dollar changed hands at $0.7236, below levels around $0.728 seen earlier in the week.

Source: CNBC

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