The Digital Source For China's Tech Innovation Since 2000

Search
Close

Hong Kong Stocks Slip, Worst Start In Years On Evergrande, Alibaba, Omicron

January 4, 2022
Source: invesbrain.com invesbrain.com
News Snapshot:
A confluence of factors on Monday, the first trading session of 2022, marked the worst start to a year for Hong Kong stocks since 2019. First, Evergrande Group shares were suspended in Hong Kong after Chinese media reported the heavily indebted property developer was forced to demolish 39 buildings within ten days because it illegally obtained building permits. Evergrande has also missed several deadlines on $20 billion of international bonds and defaulted on its debt (read: here & https://www.zerohedge.com/markets/evergrande-has-finally-defaulted-heres-what-happens-next ). The troubled property developer has a mindboggling $300 billion in outstanding debt. Then Alibaba Group Holding Ltd. fell 3% after...
Go To Original Source →
Tags: Alibaba | ASIA | Asia Pacific | China | Chinese | consumer | Covid-19 | data | developer | Economy | Evergrande | health | healthcare | HERE | Hong Kong | index | international | Japan | medicine | News Media | online shopping | Pacific | Singapore | stocks | technology

Other Related News:

China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains Global Online Money

August 11, 2022

A Look at the Electric Vehicle Transformation in China

August 11, 2022

Taiwan security officials want Foxconn to drop stake in Chinese chipmaker-FT

August 11, 2022

US accuses Chinese company of helping ZTE hide business with Iran

August 11, 2022

China Has Painted Itself Into a Semiconductor Corner

August 11, 2022

China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains High Tech Info

August 11, 2022

Greater China startups record 33.5% yearly slump in deal value in Q2 as megadeals become scarce

August 11, 2022

UN trade body urges actions to curb cryptocurrencies in developing countries

August 11, 2022

?Parallel Markets?ASUS ZenFone 9 arrives in Hong Kong first, with the first asking price starting from 5,450!

August 11, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....