Evergrande concerns back in focus

Evergrande concerns back in focus

Fears over Chinese firm Evergrande are very much in focus again with the property giant’s shares suspended on the Hong Kong stock exchange after reports that the indebted company had missed a second interest payment.

UK and European markets are mixed this morning. The week opens with concerns over rising inflation and interest rates still to the fore. The the US 10-yr Treasury yield reached 1.56% last week.

In the US on Friday there was a strong end to a poorly performing week after trial results of Merck’s Covid-19 drug were reported as reducing risk of hospitalisation by 50%. That positive sentiment may provide some support this week.


Disclaimer: ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Download Our Free Brochure