A liquidity crunch troubling Evergrande and several indebted Chinese developers is stoking concerns about default, sapping risk appetite among investors. Photo: Sam Tsang
A liquidity crunch troubling Evergrande and several indebted Chinese developers is stoking concerns about default, sapping risk appetite among investors. Photo: Sam Tsang

Hong Kong stocks trade near one-year low amid hidden debt, Evergrande concerns while tech index retreats

  • Fantasia failed to pay a US$205.7 million bond when it matured on October 4, the Chinese developer said in a filing late Monday
  • Local stocks have lost almost US$1 trillion in market capitalisation since the end of May as fears surrounding Evergrande’s debt crisis mount

A liquidity crunch troubling Evergrande and several indebted Chinese developers is stoking concerns about default, sapping risk appetite among investors. Photo: Sam Tsang
A liquidity crunch troubling Evergrande and several indebted Chinese developers is stoking concerns about default, sapping risk appetite among investors. Photo: Sam Tsang
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