6666
Evergrande Property Services Group Ltd (HKG:6666), now the world’s most indebted property developer, seems to be causing Hong Kong’s financial markets to plunge again today as investors weigh up whether the group’s enormous debt problems could trigger a broader sell-off across other financial markets. Q2 2021 hedge fund letters, conferences and more Evergrande S Causing Concern About The Chinese MarketRob Brewis, Fund Manager of the Aubrey Capital Management Global Emerging Markets Opportunities Fund, said, “We rarely write on specific stocks: for allocators running large portfolios, often acr...
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In hisDaily Market Notes report to investors, while commenting on Evergrande Property Services Group Ltd (HKG:6666), Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more Evergrande CracksInterestingly, both China and Taiwan financial markets were closed on Monday, but other financial markets decided to sell-off in the wake of a Chinese real estate company, Evergrande, ongoing woes. Evergrande’s contagion fears are not expected to spread to the U.S., but China is now dangerously close to slipping into a recession. China’s junk bond market started to falter a few weeks ago, an...
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