China Evergrande falls for fifth day on debt crisis

Wharf Real Estate Investment

17/09/2021 02:58

**  China Evergrande Group  3333.HK  extends falls for the
fifth consecutive session, down 6.8% to HK$2.46, lowest since
October 2011 
    ** Co's onshore bond trading was suspended after downgrade,
a move that some analysts think foreshadows a default
 urn:newsml:reuters.com:*:nL1N2QI03F
    **  Investors have rushed to sell shares of other property
developers, as Goldman Sachs warned Evergrande's crisis could
pose spillover risks to the broader Chinese property sector
 urn:newsml:reuters.com:*:nL1N2QH0UE 
    ** The Hang Seng Property Index  .HSNP  drops 0.5%,
developers China Overseas Land & Investment Ltd  0688.HK , Wharf
Real Estate Investment Company Ltd  1997.HK , Longfor Group
Holdings  0960.HK  all fall
    ** The Hang Seng Index  .HSI  declines 0.1%

 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))