While developments in the real estate sector in China remain uncertain, Chinese real estate giant Evergrande has still not fulfilled some of its bond payments.
Analysts said that Evergrande's default is an expected result, and they are trying to understand the question marks about how this will affect other companies.
KAISA GROUP REQUESTS ITS SHARE TO BE STOPPED
As the news feed on the real estate sector in China continued to increase the volatility in asset prices, real estate company Kaisa Group requested the suspension of its shares on the Hong Kong stock market after Evergrande failed to pay its debts.
In Asia, according to the data announced today, while the Gross Domestic Product in Japan fell by 3.6 percent annually in the third quarter, falling below expectations, analysts stated that the restrictions in the coronavirus epidemic played an important role in the said contraction.
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