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US, European stocks rebound after Evergrande-driven thrashing

Posted on October 18, 2021 by admin

The crisis at Evergrande, among China’s biggest developers, added to a currently downbeat state of mind on trading floorings

The crisis at Evergrande, one of China’s greatest developers, added to an already downbeat state of mind on trading floorings United States and European equities rebounded Tuesday after worries over the possible collapse of Chinese property giant Evergrande triggered a rout throughout international markets.

“Assisting in this regard are numerous experts suggesting Evergrande is not a ‘Lehman moment’ and reports that Evergrande’s Chairman said the residential or commercial property designer plans to satisfy its responsibilities,” O’Hare said, describing the collapse of the Wall Street giant firm during the 2008 financial crisis.

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