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

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

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.

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