the dow wiped out the last of its gains made for the year so far. shares of chinese real estate giant evergrande jumped by 28% as trading resumed in hong kong, after being halted last week. we will put up those figures for you as well, and as you can see the debt laden developer s stock market valuation has fallen by almost 99% since july 2020. we should also point out that it is a penny stock at this stage, just to put those numbers in context as well. over the last year, it has come to light that the evergrande company is the world s most indebted developer, with liabilities at over $300 billion. but it s not alone. other smaller developers have also defaulted on their debts, leaving unfinished building projects across the country. the chinese government has announced more support for real estate companies, including encouraging banks to extend the repayment periods on loans. the property market accounts for around a quarter of the world s second largest economy. that is wh