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

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.

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

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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

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

8/28/2023

Markets Rally On Powell Comments, China Boosted By Duty Cut

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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.

Topics

Posted 8/28/2023, 1:52:10 AM

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

bbc.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.

8/28/2023

Markets Rally On Powell Comments, China Boosted By Duty Cut

9/6/2023

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

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