MARKET WRAP: JSE ends week on a high note as China’s Evergrande avoids a default
All share index climbs the most in two weeks, buoyed by the Chinese property giant making a last-minute coupon payment and solid company earnings across the globe
22 October 2021 - 18:49
The JSE gained the most in two weeks on Friday as China Evergrande Group’s last-minute payment of a bond coupon ahead of Saturday’s final deadline helped lift sentiment globally.
Evergrande came back from the brink of default by making a payment to international bondholders, meeting the 30-day grace period it was given after it missed the original deadline...
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