Stocks advance, adding to a rebound last week on bets China will deliver more supporting measures. China Evergrande slumps after losing a winding-up litigation in Hong Kong.
The move could send shockwaves through already fragile Chinese capital and property markets. Such a process could be complicated, with potential political considerations, given the many authorities involved.
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A Hong Kong court on Monday ordered China Evergrande to be liquidated, a move that could send shockwaves through already fragile Chinese capital and property markets.