Asian equities were mixed but mostly lower overnight as Pakistan and Thailand outperformed and Mainland China and Singapore underperformed. US markets were closed yesterday to commemorate the passing of former president Jimmy Carter.

The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.

China expanded its support for the beleaguered yuan with a plan to issue a record amount of bills in the Hong Kong market to mop up excess liquidity.

(Reuters) - A liquidation petition has been filed against indebted property developer Sunac China, the Hong Kong judiciary's website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management, and a hearing is scheduled for March 19, the website shows.

By Clare Jim HONG KONG (Reuters) -Sunac China shares and bonds plunged on Friday after a liquidation petition was filed against the property developer, adding to concerns over its business recovery and repayment ability despite an offshore debt restructuring in 2023.