Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

Evergrande's shares plummeted by over 80% as they resumed trading in Hong Kong, following the company's announcement of a $4.5 billion loss for the first half of the year, exacerbating concerns about China's real estate market crisis.

bbc.com

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

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8/27/2023

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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

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8/28/2023

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9/6/2023

Evergrande soars 70% leading Chinese property stocks higher after Country Garden avoids default

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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.