The tumult in Chinese property sector deepened as uncertainties grew over distressed developer China Evergrande Group’s restructuring, worsening a rout in builders’ shares.
A senior banker at Nomura Holdings Inc. has been barred from leaving China in a move connected to a long-running investigation of a top dealmaker in the country, the Financial Times reported.
Oil was steady as hedge funds piled on bets that tightening supplies will see a resumption of the rally after a pause last week.
Hong Kong’s relaxation of mortgage rules for first-time buyers of homes under construction is unlikely to lift a property market that’s been burdened by high borrowing costs, according to analysts.
China recorded its second-worst coal mine accident this year, after a fire at a conveyor belt killed 16 in the southwestern province of Guizhou on Sunday.
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