Evergrande Falls Further as S&P Warns Chinese Bail Out Unlikely

Evergrande Falls Further as S&P Warns Chinese Bail Out Unlikely
The Evergrande headquarters is seen in Shenzhen, China on Sept. 14, 2021. Noel Celis/AFP via Getty Images
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China Evergrande Group’s stock and bond values fell further on Tuesday, fueling concerns about broader influence after S&P Global Ratings warned that Beijing is unlikely to bail out the developer.

Evergrande’s shares in Hong Kong fell as much as 7 percent on Tuesday before closing 0.4 percent down, following a 10 percent drop the previous day.