China developers sink as the world's biggest stock rally loses steam
Investors bet a tightening campaign to cool home prices will hurt sales in H2
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
IT HAD to end sooner or later. After an almost 400 per cent surge this year through late July that led an unprecedented rally among Chinese developers, China Evergrande Group shares are now leading the way down.
Evergrande, the top performing stock in the MSCI All-Country World Index in the 12 months through a July 27 record, slumped 20 per cent since then to rank among the top decliners.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
