News Snapshot:
Concerned about its possible impact on the rest of the economy, for el growing fear of a default in China Evergrande Group made investors get rid of on Monday Chinese real estate stocks and seek refuge in other assets. Evergrande’s shares, which has been trying to raise funds to pay its many lenders, suppliers and investors, closed Monday down 10.2 percent to 2.28 Hong Kong dollars, after plummeting 19 percent in session to its lowest level since May 2010. Regulators have warned that your $ 305 billion of liabilities could trigger risks even outside of chinese financial system if your...
