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Evergrande Default Could Rock China s Entire Economy
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China Evergrande shares, bonds slump as investor worries persist
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Shares of China s Evergrande slump after sales of two realty projects suspended
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China Evergrande slumps as investor worries deepen Reuters 19 hrs ago © Reuters/Bobby Yip FILE PHOTO: A logo of China Evergrande Group is displayed at a news conference on the property developer s annual results in Hong Kong
SHANGHAI (Reuters) - Shares and bonds in China Evergrande, the country s most indebted developer, plunged for a second day on Tuesday, after sales of two real estate projects were suspended by local authorities, escalating worries over its financial health.
Evergrande s Hong Kong-listed shares tumbled more than 13% to a fresh four-year low, following Monday s 16% plunge, while its bonds also dived, in onshore and offshore markets.
China Evergrande : dives as property sector worries deepen
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