The worries over Chinese property developers and debt recently centered on Evergrande, one of China’s biggest real estate developers, which looks like it may be unable to repay its debts.
Stocks slumped on Wall Street Monday in a broad sell-off that extends an already weak streak for major indexes. Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — are rippling across markets.
No comments:
Post a Comment