Skip to Content

Asian shares mixed after Evergrande sale deal called off

Andrew Cuomo

AP Business Writer

Asian shares are mixed after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. Shares slipped in Hong Kong and Tokyo but rose in most other regional markets. Shares in China Evergrande Group tumbled nearly 12% while shares in its property unit slipped 6.8%. Evergrande said it was having difficulties selling off assets to resolve its cash crunch. On Wednesday, stocks ended higher on Wall Street, bringing the S&P 500 to the brink of another record high. Bitcoin’s price eased slightly after topping $66,000 a day earlier. 

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press


KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content