European shares are rising with the support of “Evergrand” .. and “Nikkei” is declining


European shares rose on Wednesday, recovering from early-week losses after debt-laden China’s Evergrande said it would make some interest payments, while travel and leisure shares jumped to a 14-week high.
Frankfurt-listed Evergrande shares jumped 15.1 percent after hitting multi-year lows in the previous session.
The real estate developer said it would make interest payments on its local bonds, easing investor concerns about the fallout from its financial problems.
Supporting the travel and leisure index, Inten shares jumped 8.2 percent to an all-time high after the British gambling company revealed a $22.4 billion takeover bid from Boston-based Draft Kings.
The pan-European Stoxx 600 index rose 0.8 percent, extending the recovery it made on Tuesday, while commodity-related stocks were also among the biggest gainers.
Japanese stocks
The Nikkei index hit its lowest level in more than two weeks, on Wednesday, as investors cautiously looked to the results of the US Federal Reserve meeting for more indications on when to end stimulus and raise interest rates.
The benchmark index closed down 0.67 percent at 29639.40 points, while the broader Topix index fell 1.02 percent to close at 2043.55 points, which is also the lowest level since the sixth of September.
The Nikkei changed course briefly during the session, and rose after Hengda Real Estate Group, the main unit of China’s Evergrande, said it would pay some interest on bonds maturing on Thursday, allaying fears of an imminent collapse.
The result of the Federal Reserve’s two-day meeting is scheduled for release at 1800 GMT, with a press conference to follow half an hour later.
Japanese markets will be closed on Thursday.


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