Evergrande shares plunge as much as 87% as trading resumes after 17 months

www.cnbc.com

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Evergrande shares plunge as much as 87% as trading resumes after 17 months

www.cnbc.com

@MicroWave to

World NewsEnglish • 1 year ago

Evergrande shares tumbled as much as 87% on the Hong Kong Stock Exchange on Monday, to as low as 22 Hong Kong cents.

China Evergrande Group last traded on the Hong Kong exchange on March 18, 2022 at 1.65 Hong Kong dollars ($0.13) per share, before being suspended on March 21.

The company also posted a loss of 39.25 billion yuan ($5.38 billion) for the six months ended June, with total liabilities of 2.39 trillion yuan.

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@InverseParallax
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1•1 year ago
Yeah, but 2 points:

1: the stock market is completely fictitious which is why it is so volatile.

2: only poors invest in chinese real estate, anyone with any real money invests in foreign real estate

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