Evergrande updates helping risk sentiment, RBA Debelle addresses risks

Risk sentiment has improved with China's Evergrande main unit Hengda Real Estate group announcing that it will make a coupon payment for onshore bond due September 23, according to Reuters. 

In the same theme, we have the Reserve bank of Australia's deputy speaking who has stated that the central bank is addressing the issue. 

Additionally, ADB has trimmed developing Asia's 2021 growth forecast to 7.1% (prev 7.2%) and keeps 2022 growth forecast at 5.4%. It says that the Evergrande debt problem ‘warrants careful monitoring’.

More to come...