Heavyweight Chinese property stocks were hit with a fresh wave of selling after), one of the country’s biggest developers, warned of a massive, $7.6 billion loss in the first half of 2023.
The stock slid 13% to a new record low on Monday, as reports suggested the firm was also facing difficulty in meeting its debt obligations and at risk of a default. Such an event could mark another high-profile default for China’s property market, and heralds more headwinds for the country’s key economic engines.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: