China Evergrande Group last traded on the Hong Kong exchange on March 18, 2022 at 1.65 Hong Kong dollars ($0.13) per share, before being suspended on March 21.

The company also posted a loss of 39.25 billion yuan ($5.38 billion) for the six months ended June, with total liabilities of 2.39 trillion yuan.

  • InverseParallax@lemmy.world
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    1 year ago

    Yeah, but 2 points:

    1: the stock market is completely fictitious which is why it is so volatile.

    2: only poors invest in chinese real estate, anyone with any real money invests in foreign real estate