The embattled real estate giant lost nearly 90% of its market value early on Monday China Evergrande Group, the world’s most indebted property developer, saw its shares nosedive on Monday as the company resumed trading on the Hong Kong Stock Exchange after a 17-month pause. According to data, the developer’s stock plummeted roughly 87% in the first part of the day. Evergrande’s market value slumped by more than $2 billion compared to when it last traded, dropping to around $586 million and way off its peak of over $50 billion in 2017. Shares corrected slightly at the start of Monday’s afternoon session, but were s
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