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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.

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