HomeEntertainmentEvergrande shares plunge on market return as deal falls through

Evergrande shares plunge on market return as deal falls through



Chinese property giant Evergrande’s shares plunged Thursday after resuming trading in Hong Kong, with the failure of a unit sale deal deepening fears the indebted firm will collapse and send shockwaves through the world’s second-largest economy.

– ‘Contagion’ – Fears that Evergrande could collapse and send shockwaves through the Chinese economy have rattled buyers and markets — even though Beijing has insisted any fallout would be containable.

Originally published as Evergrande shares plunge on market return as deal falls through




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