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Shares in Asia fell as a jump in global oil prices emboldened the higher-for-longer rates narrative, sapping risk sentiment as some markets in the region prepare for a holiday.
China Evergrande Group and its units suspended trading in Hong Kong, a day after people familiar with the matter said the property giant’s founder had been taken away by police.
Thai Prime Minister Srettha Thavisin, a property tycoon-turned politician, will donate his salary and other allowances he’s entitled to from his political offices to charities.
Hong Kong’s government is “constantly reviewing” the property market environment with a pragmatic attitude, Financial Secretary Paul Chan said in the latest hint at potentially easing curbs.
Australian retail sales rose at a weaker pace than expected in August in a sign that the Reserve Bank’s rapid interest-rate increases are weighing on the economy.
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