The Hong Kong stock exchange lost ground following the liquidation of Evergrande: the HangSeng index, with investors attentive to the impacts of the decision on the real estate sector and the financial sector, lost 2.32% and slipped to 15,703.45 points.
Chinese stock markets burned all of last week's gains and closed at intraday lows in the aftermath of the liquidation ordered by the Hong Kong High Court against Evergrande, on the inability of the Shenzhen real estate group to agree on a restructuring of its 330 billion dollars of debt: l The Shanghai Composite index lost 1.83%, to 2,830.53 points, while that of Shenzhen lost 2.70%, to 1,593.12.
The price lists are discounting the fears of a domino effect of the Evergrande crack on other real estate operators and, above all, of a contagion to the financial sector and the nebulous sector of 'shadow banks'.
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