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Shares and bonds in property companies gained, with China Evergrande Group’s stock jumping the most in 10 weeks after signs of progress in what will likely be one of the country’s largest restructurings.
Even though it’s unclear whether the beaten-down sector has reached a turning point, traders are having a hard time turning down bets that things will improve.
The Chinese property developer was due to make US$148mln of interest payments on dollar-denominated bonds on Tuesday, but bondholders said...
The Chinese property developer was due to make US$148mln of interest payments on dollar-denominated bonds on Tuesday, but bondholders said...