Why China Evergrande Group Stock Was Down Today
Shares of China Evergrande Group (OTC: EGRN.F) were heading lower today even as the S&P 500 moved higher and Chinese stocks were generally flat on the day.
The culprit seemed to be yet another report showing big-money investors are steering clear of the Chinese real estate sector, including Evergrande.
Evergrande stock closed down 8.7% after trading as much as 16.7% lower on Wednesday.
Source Fool.com
