Asian shares mostly up as crisis concerns subside

Thursday, 23. September 2021 07:16

Major stock market indices in Asia traded mostly with gains on Thursday as the investors seemingly shook off, at least in part, worries caused by the Evergrande debt crisis.

Meanwhile, a Boeing Co. official came out with an optimistic prediction regarding the economic rebound in China, claiming that the Asian country will need 8,700 additional commercial aircraft due to an increase in the number of passengers expected in the next two decades.

In mainland China, the Shanghai Composite moved up 0.61% at 7:00 am CET, and the Shenzhen Composite advanced by 0.66% at the same time. The S&P/ASX 200 strengthened by 1.05% at 7:15 am CET, while Hang Seng concurrently jumped 0.71%. A minute later, the Kospi Composite was down by 0.33%.

Stock markets in Japan are closed due to a public holiday, while the dollar stood flat compared to the yen, selling for 109.8105 at 7:16 am CET.

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Author:
Breaking the News / BU