China Evergrande slumps as investor worries deepen

Local regulators in Shaoyang, a city in south central Hunan province, ordered a sales halt for two Evergrande residential projects, citing misappropriation of funds.

SHANGHAI: Shares and bonds in c, 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.