Oct 4 (Reuters) - Most emerging currencies in Asia lacked
direction on Monday as worries grew over property developer
China Evergrande's debt crisis, while shares in Singapore and
Indonesia outperformed regional peers.
News that China Evergrande shares were suspended
on Monday after the company missed a key interest payment on an
offshore bond for the second time last week kept a lid on Asian
Chinese media reported that Evergrande, which has $305
billion in liabilities, will sell a half-stake in its property
management unit to Hopson Development for more than $5 billion.
The Indonesian rupiah and Malaysian ringgit
advanced the most in the region, gaining around 0.3% each, while
other currencies were little changed on the day.
Singapore stocks rose more than 1%, buoyed by
Singapore Technologies Engineering after it agreed
over the weekend to buy Roper Technologies Inc's
TransCore business for...
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