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Why China Evergrande Group Stock Was Down Today

TheMotleyFool

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Why China Evergrande Group Stock Was Down Today: https://g.foolcdn.com/editorial/images/697959/commercial-real-estate.jpg

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

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