A Chinese Company Called Evergrande Is Hitting Stocks Badly. Here's What To Know.
The Dow Jones slumped over 800 points as financial troubles at property developer China Evergrande Group became the latest in a growing list of concerns for Wall Street.
Stock markets from Hong Kong to New York were hit by a major sell-off on Monday, as a massive Chinese real estate conglomerate called China Evergrande Group faces a potentially devastating debt default.
The Dow Jones Industrial Average slumped more than 800 points as of mid-afternoon, while the S&P 500 and Nasdaq also fell sharply.
The Evergrande Group owes roughly $300
