Intensifying concern over the impact of a China Evergrande Group default is rippling through the nation’s financial markets. Developers led declines on the Hang Seng China Enterprises Index, with Country Garden Holdings Co – the nation’s largest developer by sales – losing 7.2% and Sunac China Holdings Ltd. sinking 11%. This week alone the two stocks have fallen more than 21%. China’s high-yield dollar bonds fell as much as 4 cents on the dollar Thursday, according to credit traders, with those issued by Fantasia Holdings Group Co – a weaker-rated developer – down about 10 cents. Yields on China’s junk notes have climbed to an 18-month high, according to a Bloomberg index. In Shanghai, bank
Hence then, the article about evergrande market fallout grows as local unit halts bond trading was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Evergrande market fallout grows as local unit halts bond trading )