Clare Jim
The Latest
-
Evergrande troubles punish China property as contagion concern spreads
Growing fears of a default by China Evergrande Group led investors worried about its potential impact on the wider economy to dump Chinese property stocks and seek refuge in safe-haven assets elsewhere on Monday. Growing fears of a default by China Evergrande Group led investors worried about its potential impact on the wider economy to dump Chinese property stocks and seek refuge in safe-haven assets elsewhere on Monday. -
China Evergrande shares plummet on default risks
Shares of Evergrande plunged over 15% on Monday, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week. Shares of Evergrande plunged over 15% on Monday, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.