News Snapshot:
Hong Kong Stocks Sink as Evergrande Woes Spread, Ping An Tumbles [General Other] [0 Comments] (Bloomberg) — Concerns about the health of China’s real estate sector spilled into Hong Kong markets on Monday, sparking the biggest selloff in property stocks in more than a year and dragging down everything from banks to Ping An Insurance Group Co. and high-yield dollar bonds. The Hang Seng Property Index tumbled by as much as 5.9%, the most since May 2020, while Ping An Insurance, China’s largest insurer by market value, plunged 7.3% in Hong Kong. The city’s benchmark Hang Seng Index fell 3.3%,...
