China's Gemdale saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, as investors took no chances amid the debt crisis in the key real estate sector. Ling Ke, 64, had resigned due to health reasons, Shanghai-listed Gemdale announced on Monday evening, adding that he would be replaced by company president Huang Juncan. It did not elaborate on the health reasons.
By Xie Yu and Li Gu HONG KONG/SHANGHAI (Reuters) - China's Gemdale saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, b.
By Bingyan Wang Shares of Chinese property developers rose sharply Monday, as more major Chinese cities said over the weekend that they would ease mortgage.
MARKET WRAPS Watch For: Germany foreign trade; UK BRC-KPMG retail sales monitor; no major trading updates expected Opening Call: European equities look set to start the week higher.
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