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Tag Archives: FTSE China

Asian shares at 1-month low, default fears stalk China Evergrande

BENGALURU: Asian shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, with a torrid session for the world's most indebted property developer China Evergrande dragging Hong Kong stocks to a near one-year low.

Holidays in Japan, China and South Korea kept trading thin, and politics added extra uncertainty with elections in Canada and Germany bookending the week.

Shares of China Evergrande plummeted over 15% after earlier losing as much as 19% to over 11-year lows. Its listed units also fell, as investors worried about the real estate developer's ability to repay a small portion of its $305 billion debt due this Thursday.

Evergrande's troubles added to growing concerns about the health of China's econ

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