Evergrande soars 70% leading Chinese property stocks higher after Country Garden avoids default
Publishing timestamp: 2023-09-06 10:02:58
Summary
Evergrande shares surged 82% on Wednesday, leading gains on the Hang Seng index. Other property stocks also saw significant gains. This comes after Country Garden narrowly avoided defaulting on bond coupon payments. The article also mentions the struggles of China's property sector and calls for lifting restrictive policies to boost sales.
Sentiment: MIXED
Tickers: 3333-HK, 2007-HK, .HSI, 3380-HK,
Keywords: logan property holdings co ltd, china evergrande group, business news, country garden holdings co ltd, breaking news: markets, hang seng index, breaking news: asia, real estate,