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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!