Country Garden shares tumbled to fresh eight-month lows Monday, extending losses on renewed debt fears for the Chinese property sector. Future Publishing | Future Publishing | Getty Images All of Country Garden’s offshore debt could potentially be in default if the Chinese property developer fails to make a $15 million coupon payment on Tuesday, which … Read more
Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images Chinese real estate developer Country Garden Holdings said it expects it will not be able to make all of its offshore repayments, including those issued in U.S. dollar … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 26, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Hong Kong’s Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sectors. The benchmark index’s loss of over 500 points is a significant decline, Everbright Securities’ Kenny Ng … Read more
People walk outside of the New York Stock Exchange (NYSE) in the financial district in Manhattan on June 14, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more
Residential buildings stand on the Metro City growth, collectively developed by CK Asset Property Holdings Ltd., Nan Fung Worldwide Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018. Anthony Kwan | Bloomberg | Getty Pictures Hong Kong-listed property shares surged on Monday, main good points on the Dangle Seng Index … Read more
Manufacturing unit exercise in China in June contracted for a 3rd month, official knowledge launched June 30, 2023 present. Weak China financial knowledge in April and Could have fanned requires financial stimulus for the world’s second-largest financial system. Future Publishing | Future Publishing | Getty Photographs China’s manufacturing unit exercise in June contracted for a … Read more
Folks sporting face masks crossing a avenue at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China Information Service | Getty Photographs Hong Kong’s benchmark index entered bear market territory Wednesday on an intraday foundation, erasing the rebound good points from China’s reopening. The Dangle Seng index hit a session low … Read more