Evergrande fears sink stock market: Here’s what investors need to know about what happens next

2 years ago 275

Market Extra

Last Updated: Sept. 20, 2021 astatine 2:27 p.m. ET First Published: Sept. 17, 2021 astatine 3:49 p.m. ET

A lodging analyzable by Chinese spot developer Evergrande successful Huaian.

STR/Agence France-Presse/Getty Images

Evergrande, a Chinese spot elephantine nursing much than $300 cardinal successful debt, remains connected the brink of default — sending planetary equities tumbling Monday arsenic investors, who had antecedently ignored the situation, sat up and took notice.

Fears of a bursting spot bubble person agelong been a interest for investors erstwhile it comes to China. A heavy leveraged real-estate assemblage makes up much than 28% of China’s economy, according to the Financial Times. Questions situation however consenting Chinese authorities volition beryllium to supply a backstop.

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