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China's real estate uncertainties persist, fueling market anxiety
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cnbc.comBEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the sector to spill into the rest of the economy, says S&P Global Ratings.
While the plunge in Evergrande's shares has abated, the volatility in other Chinese real estate companies has continued this month.
On Thursday, Kaisa shares briefly popped 20% after news it could stave off default. On the same day, a Shanghai-traded bond from developer Shimao plunged 30%, reminiscent of a sharp sell-off in the company's bonds earlier this month.
«Headlines can hit sentiment and drive contagion,» Charles Chang, senior director and Greater China country lead for corporate ratings at S&P Global Ratings, said in a
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