In the Chinese market and international markets, the eyes were turned to whether the real estate development company China Evergrande Group would be able to fulfill its $148 million bond coupon payment.
The 30-day deadline for the $148 million payment to offshore bond investors ends today. If payment is not made, Evergrande will be in default.
China Evergrande is also required to pay more than $255 million for the bonds with a maturity of June 2023 and June 2025 on December 28.
Chinese Fantasia shares fell 52 percent
Shares of Chinese real estate development company Fantasia Holdings Group Co. fell 52 percent in Hong Kong. Shares of ailing Chinese real estate development firm Fantasia Holdings Group Co. slid as much as 52 percent in Hong Kong after trading resumed after a six-week hiatus and the company's surprise default.
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