"Asia Markets React to Japan Inflation and Evergrande Filing, Adani Shares Soar"

1 min read
Source: CNBC
"Asia Markets React to Japan Inflation and Evergrande Filing, Adani Shares Soar"
Photo: CNBC
TL;DR

Asia-Pacific markets fell as investors assessed Japan's July inflation data, with core inflation falling to 3.1% and headline inflation remaining at 3.3%. Meanwhile, Chinese real estate giant Evergrande filed for bankruptcy protection in a U.S. court, adding to concerns about the country's struggling real estate sector. Adani shares surged after a report that UAE state energy company Taqa is evaluating a large investment in the Indian power business via Adani. In the U.S., all three major indexes closed lower as investors grappled with concerns about inflation and potential rate hikes.

Share this article

Want the full story? Read the original reporting

Read on CNBC