What is the evergrande collapse?

How much debt does Evergrande have?

The Evergrande Group owes roughly $300 billion, and investors fear a default could destabilize the financial system in China, one of the world’s top economies.

NPRFrom Evergrande To Delta Variant, 3 Things To Know About The Stock Sell-Off

Why is the S&P down today?

“Today, the market is down because of the Chinese real estate contagion threat, despite a lot of good headlines recently on COVID,” said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma. “We’re due for a correction,” he said. “It’s like the market is addicted to buying the dip.

ReutersS&P 500 down more than 2% as growth worries rise

Business: Dow Jones Rebounds After Market Sell-Off; Apple, Tesla Bounce

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Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my