Hong Kong Halts Evergrande Stocks Trading, Here's How Crypto Market Could React?

China’s infamous real estate giant Evergrande’s trouble seems to see no end as earlier today Hong Kong suspended trading of the Evergrande stocks along with several other property developer stocks. Evergrande is currently on a selling spree to avoid defaulting on its debt. The Chinese real-estate giant is now looking to raise $5 billion from the sale of half-stake in its property management unit to Hopson Development.