Evergrande jitters ebb and flow as company misses key bond payment

Fears that a Chinese real estate developer's possible default on multibillion-dollar debts might send shockwaves through global financial markets appeared to ease Thursday as creditors waited to see how much they might recover.

Shares of Evergrande Group, one of China's biggest private sector conglomerates, rose 18 per cent in Hong Kong after the company said it would pay interest to bondholders in China.

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