Stocks may rebound ahead of BSP policy meeting - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Most emerging market stocks and currencies fell on Friday as caution kicked in ahead of a U.S. inflation reading that could prompt the Federal Reserve to tighten policy at a faster pace.
Ratings agency Fitch downgraded property developers China Evergrande Group and Kaisa Group on Thursday, saying they had defaulted on offshore bonds, while a source said Kaisa had started work on restructuring its US$12 billion offshore debt.