Evergrande shares plunge as much as 87 percent as trading resumes after 17 months
epaselect epa10824942 A sign in the front gate reads 'Evergrande Royal Scenery' at an Evergrande Royal Scenery housing complex in Beijing, China, 28 August 2023. Shares in Chinese developer Evergrande have plunged by around 80 percent as they started trading in Hong Kong for the first time in 17 months. Evergrande is in the center of a real estate market crisis threatening the world's second largest economy. In the past three years, the shares have lost more than 99 percent of their value. EPA/WU HAO
