What to Know as the Latest Evergrande Bond Payment News Sends EGRNF Stock Climbing Shares are finally rising and investors are happy, but no one should be relaxing just yet 3d ago · By Samuel O'Brient , InvestorPlace Financial News Writer The end of last week saw global markets tumble as China’s financial system was rocked. When the news broke that real estate conglomerate Evergrande (OTCMKTS: EGRNF ) was facing the fallout of a serious lack of liquidly, it sent shockwaves through Chinese markets that quickly spread to the U.S. and Europe. Reports this morning, indicating that the storm might soon pass as external forces step in to quell the crisis, are welcome news to anyone holding EGRNF stock. Analysts have been worrying for years about China’s ballooning corporate debt and what it might do to the global economy. Those fears resurfaced this week due to a debt crisis at Evergrande Group, a Chinese real estate developer, making us face a tough question: ...
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