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Global stocks fall as worries over an Evergrande collapse resurface, while bitcoin loses grip of its all-time high

1 month ago   |   By Business Insider

AP Photo/Richard Drew
Global stocks fell Thursday on revived jitters about Evergrande after a $2.6 billion stake sale fell through.
The Chinese property giant's Hong Kong shares plunged as the end of a grace period for an offshore interest payment nears.
Bitcoin dropped from its latest all-time high near $67,000 to around $65,100.
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Global stocks slipped Thursday, as revived worries about a default by Chinese property giant Evergrande took the wind out of optimism over strong US quarterly earnings. The benchmark S&P...
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China's Evergrande plunges as much as 14% after $2.6 billion sale falls through, as trading resumes in Hong Kong

1 month ago   |   By Business Insider

Evergrande is a huge Chinese property developer that's on the brink of default.
NOEL CELIS/AFP via Getty Images
Evergrande stock plunged as much as 14% Thursday as trading resumed in Hong Kong, after a two-week suspension.
The Chinese property giant said a $2.6 billion deal to offload some assets had fallen through and home sales had plunged.
S&P Global Ratings said Evergrande is on the brink of default, raising fears about contagion across the property sector and Chinese economy.
Shares in embattled Chinese property developer Evergrande plunged as much as 14% on the Hong Kong stock...
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