NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images)
Getty Images
Shares of Chinese property developer Evergrande skyrocketed by 82% on Wednesday, dominating the gains on the Hang Seng index.
Although the stock has since retraced some of its gains, it remains 70% higher.
While the real estate sector led gains on the HSI, the overall index was still in negative territory due to declines in health-care and industrial stocks.
Other stocks like Country Garden Holdings and Logan GroupFollow Google News
Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
