Asia-Pacific stock markets sink on concerns around Evergrande bankruptcy ...News

Russia Today - Economy
Asia-Pacific stock markets sink on concerns around Evergrande bankruptcy
source : Russia Today ( News ) () 14
Major stock indices in the Asia-Pacific region (APR) are mostly declining on Monday on fears around Chinese property developer Evergrande’s looming bankruptcy. As of 5am GMT, the Chinese Hang Seng Index dropped 3.23% on the Hong Kong stock exchange, while the Australian S&P/ASX 200 lost 1.91%, with shares of major miners declining the most, trading data shows. Also on rt.com China’s cash-strapped developer Evergrande starts repaying wealth product investors with property The Hang Seng Properties index plunged 7% to a 52-week low, while shares of insurers

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