Evergrande contagion fears hit Hong Kong stocks, with default expected

Hong Kong (AFP) Sept 20, 2021

Fears of a contagion from the potential collapse of battered Chinese real estate giant Evergrande sent property shares plunging in Hong Kong on Monday, with the firm expected to default on upcoming interest payments this week. The firm, one of the country's biggest developers, is on the brink of collapse as it wallows in debts of more than $300 billion, raising concerns of a spillover into t