Evergrande HK:3333, a Chinese real estate developer, likely hasn’t been top of mind when you consider whether or not to buy or sell stocks. But lately analysts are on edge about the company’s $300 billion in debt, which contributed to a global market selloff on Monday. On Monday, the Dow Jones Industrial Average DJIA shed 614 points (1.78%), while the S&P 500 SPX lost 75 points (1.70%). On the opposite side of the globe in China, the Hang Seng HK:HSI dropped by more than 3%. Stocks were largely treading water in positive…
Related posts:
: IMF warns ‘cryptoization’ of emerging economies could threaten growth, financial stability
NewsWatch: The biggest risk facing investors this earnings season is lurking just beneath the surfac...
: Mortgage rates jump above 3%, creating pressure for home buyers
They Want to Hand Your Kid a Debit Card. What Do You Do?