Asia-Pacific stocks mixed as investors continue watching Evergrande situation

SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade as investors in Asia-Pacific continue monitoring the situation surrounding China Evergrande Group.

South Korea’s Kospi, returning to trade from holidays earlier in the week, slipped 0.8%. The S&P/ASX 200 in Australia edged 0.19% higher.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% lower.

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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The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.485 following a recent spike from around 93.

The Japanese yen traded at 109.80 per dollar after weakening yesterday from below 109.5 against the greenback. The Australian dollar changed hands at $0.7232, below levels around $0.728 seen earlier in the week.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.3% to $75.96 per barrel. U.S. crude futures shed 0.32% to $72 per barrel.

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