JSE slips as fear about Evergrande’s possible default grows
Concern about the Chinese property developer has resulted in emerging-market currencies retreating
21 October 2021 - 11:00
The JSE was weaker on Thursday morning, with its global peers mixed as investors mulled over a possible default by Chinese property giant Evergrande.
China Evergrande terminated discussions to sell its property-management arm, a deal that would have given the cash-strapped developer a major infusion of liquidity as it faces impending debt payments...
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