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China Evergrande soars after property developer's stocks resume trading

Por: ABC News Business October 03, 2023

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HONG KONG -- Shares of debt-laden property developer Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted real estate developer and is at the center of a property market crisis that is dragging on China’s economic growth.The company’s stock... + full article



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