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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Evergrande shares plunge further amid China economy fears

An Evergrande residential area in Nanjing, China
An Evergrande residential area in Nanjing, China. The property developer has lost more than 99% of its share market value over the past three years. Photograph: Costfoto/NurPhoto/Shutterstock

Shares in Evergrande fell a further 14% on Tuesday after more than $2bn was wiped off the Chinese property developer’s market value when it resumed trading for the first time in almost 18 months on Monday.

Evergrande, the world’s most indebted property firm with liabilities of $328bn (£260bn), has lost more than 99% of its share market value over the past three years.

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