China's Evergrande shares plummet by more than 80%

Chinese property giant Evergrande's shares plummeted over 80% in Hong Kong after trading resumed following a 17-month suspension, reflecting the challenges faced by China's real estate sector amid a post-pandemic slump and a nationwide property crisis.

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Relevant topic timeline:

8/21/2023

What Evergrande’s collapse means for China’s economy and consumer sentiment

The collapse of Evergrande, China's second-largest property developer, has raised concerns about a potential financial crisis and a broader liquidity crisis in the country, as well as the impact on China's housing market and economy.

8/24/2023

China's Crumbling Real-Estate Market Puts Us All At Risk

China's real-estate market is experiencing a significant downturn, with Evergrande's bankruptcy filing signaling broader economic struggles that will have worldwide ramifications, impacting the global economy, commodities demand, and potentially leading to geopolitical tensions as China seeks to redirect the restless energy of its unemployed youth.

8/27/2023

China Evergrande first-half net loss narrows to $4.5 billion

China Evergrande Group, the world's most-indebted property developer, reported a narrower net loss for the first half of the year due to increased revenue, but it is still facing a crisis in China's property sector characterized by debt defaults and shattered consumer confidence in the country's economy.

8/28/2023

China Evergrande records $4.5 billion loss in first half of the year

China Evergrande Group, the heavily indebted real estate developer, is set to resume trading on Monday after a 17-month suspension, following a reported loss of $4.5 billion in the first half of the year.

8/28/2023

Evergrande crashes 87% as stock trading resumes, creditors vote on rescue plan

China Evergrande Group's stock plunges 87%, resulting in a $2.4 billion market loss and testing creditors in its debt workout plan.

8/31/2023

How Evergrande’s downfall signaled China’s property crisis

Borrowing to buy land and using unorthodox strategies to generate funds, China Evergrande Group and its founder, Hui Ka Yan, saw enormous success before facing a messy collapse under the weight of debt, revealing the inner workings of a Chinese property giant and the challenges facing the country's property market.

9/4/2023

Hong Kong property stocks surge as China takes action to revive property sector

Hong Kong-listed property stocks surged after China's People's Bank of China eased borrowing rules and cut the reserve requirement ratio for foreign exchange deposits, leading the Hang Seng Index to be the top gainer in Asia, with real estate companies such as Evergrande, Logan Group, and Longfor Group experiencing a spike in shares, and Country Garden Holdings leading gains at 14.61% up.

9/18/2023

Evergrande Shares Plunge 25% as Staff Detained Amid Deepening Real Estate Crisis

Shares of China Evergrande Group fell 25% after police detained staff at its wealth management unit, adding to the embattled developer's troubles amidst China's real estate crisis.

9/18/2023

Evergrande Stock Plunges 25% as Police Detain Staff Amid Debt Crisis Engulfing China's Biggest Property Developer

Shares in crisis-hit China Evergrande have plunged by up to a quarter after the apparent detention of staff by police, reigniting concerns about the state of the company and China's wider property sector.

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Posted 8/28/2023, 6:27:38 AM

China's Evergrande shares plummet by more than 80%

dw.com

Relevant topic timeline:

8/21/2023

What Evergrande’s collapse means for China’s economy and consumer sentiment

8/24/2023

China's Crumbling Real-Estate Market Puts Us All At Risk

8/27/2023

China Evergrande first-half net loss narrows to $4.5 billion

8/28/2023

China Evergrande records $4.5 billion loss in first half of the year

8/28/2023

Evergrande crashes 87% as stock trading resumes, creditors vote on rescue plan

China Evergrande Group's stock plunges 87%, resulting in a $2.4 billion market loss and testing creditors in its debt workout plan.

8/31/2023

How Evergrande’s downfall signaled China’s property crisis

9/4/2023

Hong Kong property stocks surge as China takes action to revive property sector

9/18/2023

Evergrande Shares Plunge 25% as Staff Detained Amid Deepening Real Estate Crisis

Shares of China Evergrande Group fell 25% after police detained staff at its wealth management unit, adding to the embattled developer's troubles amidst China's real estate crisis.

9/18/2023

Evergrande Stock Plunges 25% as Police Detain Staff Amid Debt Crisis Engulfing China's Biggest Property Developer