HONG KONG (AP) — Asian markets opened the week on a positive note, with Chinese regulators announcing measures to support the country’s teetering stock markets while heavily indebted property developer China Evergrande was ordered to undergo liquidation.
China's securities regulator announced on Sunday that beginning Monday, China will suspend the lending of specific shares for short selling, a move to support the country’s declining stock markets.
The Federal Reserve’s meeting this week will likely end with no change to interest rates, but traders are split on whether it could begin cutting rates in March.
It's trying to slow the economy and hurt investment prices enough through high interest rates to get inflation fully under control.
Traders are betting the Fed will cut interest rates as many as six times this year, according to data from CME Group.
Persons:
China Evergrande, Evergrande, Australia’s, It's
Organizations:
China Evergrande, Hong, Hong Kong High Court, Dow Jones, Nasdaq, Intel, Fed, Treasury, Traders, CME Group, New York Mercantile Exchange, Brent, U.S
Locations:
HONG KONG, China, Hong Kong, Shanghai, South Korea, Bangkok