Asia stocks bounce from one-year low, China gains on monetary easing

edged up 1.7% after hitting a record low on Monday as markets awaited to see if the real estate giant has paid $82.5 million with a 30-day grace period coming to an end.

"While epidemiologists have rightly warned against premature conclusions on Omicron, markets arguably surmised that last week's brutal sell-off ought to have been milder," Vishnu Varathan, head of economics and strategy at Mizuho Bank, said in a note.Omicron has spread to about a third of U.S. states, but the Delta version accounts for the majority of COVID-19 infections in the United States, health officials said on Sunday.

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Asian markets mixed after China Evergrande warns of cash woes\nShares were mixed in Asia on Monday after troubled Chinese property developer Evergrande warned late Friday it may run out of money. thanks Evergrande lots of buildings not enough buyers and tenants supply and demand imbalance incorrect forecast followed Trump business model (borrow now, bankrupt later) Oops - any other excuses? Cash woes ? Underestimate much !!
Source: MarketWatch - 🏆 3. / 97 Read more »

Asia in cautious mood as Omicron spreads, U.S. CPI loomsAsian share markets got off to a cautious start on Monday as Omicron emerged in more countries and investors faced a week-long wait for key U.S. inflation figures that could settle the course of interest rates.
Source: Reuters - 🏆 2. / 97 Read more »