China Evergrande shares hit new low amid debt crisis; Kaisa misses pay date

HONG KONG: China Evergrande Group's shares hit a record low on Wednesday after a missed debt payment deadline put the developer at risk of becoming the country's biggest defaulter, even as hopes of a managed debt restructuring calmed fears of a messy collapse.

So far, any Evergrande fallout has been broadly contained, and with policymakers becoming more vocal and markets more familiar with the issue, consequences of its troubles are less likely to be widely felt, market watchers have said.