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
