Hong Kong stocks take an early beating while shares in developer Evergrande are halted from trading amid concerns about default. Photo: EPA-EFE
Hong Kong stocks take an early beating while shares in developer Evergrande are halted from trading amid concerns about default. Photo: EPA-EFE

Hong Kong stocks sink, extending a four-month slide, as Evergrande races against time to repay debt

  • Stocks slid by the most in two weeks, adding to more than US$576 billion sell-off in Hang Seng Index members since the end of May
  • Evergrande halted trading amid asset-sale efforts as founder races against the clock to prevent a collapse while more repayment deadlines loom

Hong Kong stocks take an early beating while shares in developer Evergrande are halted from trading amid concerns about default. Photo: EPA-EFE
Hong Kong stocks take an early beating while shares in developer Evergrande are halted from trading amid concerns about default. Photo: EPA-EFE
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