Jakarta and Singapore equities opened lower before gaining 0.2% and 0.4%, respectively, while South Korea and Malaysia shares trimmed losses. Evergrande wired funds to a trustee account on Thursday for a dollar bond interest payment that had been due on Sept. 23, a source told Reuters, which eased some worries about its problems spilling over into China's real estate sector and the broader economy. "Evergrande's reported bond coupon payment is a positive development towards supporting market sentiment for the immediate term," said Han Tan, chief market strategist at Exinity.
Citigroup has hired Varun Matta, a banker from CIMB Group, for a newly created role covering technology, media and telecoms investment banking in Southeast Asia as regional dealmaking hits a record. "Asean is home to some of the fastest growing TMT companies globally and we are further intensifying our focus on this sector with this key hire to support our client-led growth across South East Asia," Jan Metzger, Citi's head of Asia Pacific banking, capital markets and advisory, said in an email.