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China Evergrande shares slide 6% in early trade By Reuters


© Reuters. FILEPHOTO: An elderly woman takes the escalator to an Evergrande Plaza mall, a residence compound built by China Evergrande Group. It was opened in Beijing on September 22nd 2021. REUTERS/Carlos Garcia Rawlins

HONG KONG (Reuters) – Shares of cash-strapped China Evergrande fell as much as 6% in early trade on Friday, paring gains of nearly 18% the previous day as time ticked by on an interest payment deadline for the country’s most indebted developer.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.