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Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

Evergrande: Shares in the crisis-hit Chinese developer plunge by 80%

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28 Agustus 2023

Shares in embattled Chinese property developer Evergrande have fallen almost 80% in their first day of trading in Hong Kong for a year and a half. The shares have lost more than 99% of their value in the past three years as Beijing cracked down on property firms. Also, a technical issue at UK air traffic control has led to long flight delays and even though layoffs are down, employers are still finding ways to cut jobs

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