Confident the company will ‘walk out of darkest moment’

The chairman of troubled China Evergrande Group, Hui Ka Yan, is out on the wires now, via Reuters, offering some conciliatory comments in a bid to calm the market nerves.

Key quotes

“Confident the company will ‘walk out of the darkest moment’ and deliver property projects.”

“Will fulfill responsibilities to property buyers, investors, partners and financial institutions.” 

Read: S&P downgrades another China property developer, says Evergrande likely to default

Market reaction

The US dollar saw a fresh leg down on the above comments, which gave a brief boost to the risk appetite. The S&P 500 futures rise 0.40% while the US dollar index drops 0.08% on the day, flirting with daily lows.

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