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EGRN - Why China Evergrande Group Stock Was Down Today
Evergreen-Agra Global Investments Inc
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.