Chinese property developers are slumping across the board in HK.
China Evergrande lead the loss, down 9%, amid speculations the firm pleaded govt support for a restructuring deal due to a cash crunch.
Evergrande denied it in a statement, but it failed to soothe market concerns. pic.twitter.com/d94sH0Lc1h— YUAN TALKS (@YuanTalks) September 25, 2020
After having made years of business trips to China and having seen acres and acres of empty skyscrapers, it is no surprise to mois that the global R.E. Crash is starting in China…https://t.co/dwtPbNri15
— thomas (@VolumeDynamics) September 25, 2020