Last week, Hong Kong-listed shares of China Evergrande Group fell in a mixed trading day for Asia-Pacific stocks.
Importantly, Hong Kong-listed shares of China Evergrande Group declined 9.46%. According to the information, the property developer is seeking government support to approve a restructuring plan.
This information affected the shares of China Evergrande Group. Nevertheless, the property developer rejected the information reported by the media. According to the company, the documents and pictures are fabricated.
Shares of major Australian banks
It was a tough day for the stocks in Asia-Pacific. For example, Hong Kong’s Hang Seng index dropped 0.32% to end its trading day at 23’235.42.
Moreover, mainland Chinese stocks fell on September 25 The Shanghai Composite declined 0.12% to about 3’219.42. At the same time, the Shenzhen Component was below the flatline at around 12’814.17.
Interestingly, Japanese stocks saw gains on the day. The Nikkei 225 gained 0.51% to close at 23’204.62. In the meantime, the Topix index advanced 0.48% to end its trading day at 1’634.23.
South Korea’s Kospi index gained 0.27% to finish its trading day at 2’278.79.
Last week, investors monitored Chinese assets after FTSE Russell made the decision to include Chinese government bonds in the FTSE World Government Bond Index.
Three days ago, the Dow Jones Industrial Average added 52.31 points or 0.2% to 26’815.44. Also, the S&P 500 advanced 0.3% to close at 3’246.59. Moreover, the Nasdaq Composite added 0.4% to 10’672.27.
Let’s discuss shares of major Australian banks. Importantly authorities announced changes to simplify credit access for consumers and small businesses.
Importantly, shares of the “Big Four” helped to lift the broader S&P/ASX 200 index higher by 1.51%. The S&P/ASX 200 rose to 5’964.90.
Stocks of major banks jumped on September 25. Australia and New Zealand Banking Group gained 6.28%. Moreover, the Commonwealth Bank of Australia advanced 3.01%. Furthermore, Westpac jumped 7.39% and National Australia Bank added 6.86%.