The Hong Kong stock exchange gives ground in the aftermath of the liquidation of Evergrande: the Hang Seng index, with investors attentive to the impacts of the decision on the real estate sector and the financial sector, loses 2.32% and slips to 15,703.45 points .
The Chinese stock markets burned all the gains of last week 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 debt dollars: 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 crash on other real estate operators and, above all, of a contagion to the financial sector and the nebulous sector of 'shadow banks'.
Reproduction reserved © Copyright ANSA