Shares of Evergrande Group plummeted 10% in Hong Kong on Monday, hitting just 2.28 Hong Kong dollars ($0.29) per share. The stock has shed 84% so far this year, plunging below its 2009 IPO price of 3.5 Hong Kong dollars ($0.45). The Hang Seng Index (HSI) on Monday dropped 3.3%, […]
Kongs
Apple Daily: Hong Kong’s biggest pro-democracy newspaper to close as Beijing tightens its grip
The news sent a deep chill through Hong Kong’s media industry and undermined government claims the new legislation would not diminish press freedom. “But it still came as a shock when it happened,” said one journalist at the publication, who asked to remain anonymous out of security fears. Since the […]