While concerns about an economically disastrous collapse of the firm have abated for now, analysts warned there was a long way to go before markets were out of the woods
With one year before the Chinese president is poised to secure an unprecedented third five-year term, the stakes are high during what is proving to be the most consequential period of his tenure
The company owes $305 billion, has run short of cash and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world
The dollar index rose to a one-month high after the Fed said it would likely begin reducing its monthly bond purchases as soon as November and signalled interest rate increases may follow more quickly than expected
Hui Ka Yan's statement came after the developer said on Wednesday it had "resolved" a coupon payment on an onshore bond, pushing the company's stock price to its biggest single-day percentage rise since its listing in 2009
European stocks were 1.8% lower, slipping to two-month lows, with energy and mining stocks tumbling as the dollar's jump to near four-week highs crushed commodity prices