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