News

3 Catalysts That Could Add To Alibaba’s Stock Rally

Reuters

What people are saying about China Evergrande Group

HONG KONG (Reuters) -China Evergrande Group has supplied funds to pay interest on a U.S. dollar bond, a person with direct knowledge of the matter told Reuters on Friday, days before a deadline that would have seen the developer plunge into formal default. Shares of Evergrande, which is saddled with more than $300 billion in liabilities, rose as much as 8% early on Friday, and were still up more than 4% at noon. Importantly other developers also confirmed making interest payments – for a market which has fully capitulated, the fact the world did not end overnight could itself be a positive catalyst.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

More in:News

Leave a reply

Your email address will not be published. Required fields are marked *

Next Article: