Reddit gives you the best of the internet in one place. The ferrous complex was firm yesterday with a broad rally on a delayed reaction to Tuesdays news about more Brazilian mine suspensions.
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Evergrande news reddit. Evergrande shares were little changed at the open in Hong Kong on Friday June 11. Shares of Hong Kong-listed Evergrande jumped as much as 88 to an almost two-week high in afternoon trade versus a gain of 01 gain in the benchmark. The recent selloff deteriorated yesterday after.
Share on Facebook Share on Twitter Share on Reddit -Chinese construction sector crashes. The stock had plunged 18 in the past month to its lowest since March 2020. So was the companys dollar bond due June 2025 which trades at about 70 cents on the dollar.
The uLongjumping_College community on Reddit. As a comparison the company purchased 46 million shares since June 7 as the stock plunged. More than 16 of the free float is held short according to IHS Markit Ltd and traders would need about 17 days to close out their bearish positions.
That means Evergrande only has 166 million shares left it can buy back. Evergrande has operational problems more than liquidity problems said a portfolio manager in Hong Kong. Evergrande bonds and shares have slumped in recent weeks amid a drumbeat of negative news from late payments on short-term debt by some of its affiliates to a.
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