HONG KONG -- Shares in embattled property developer China Evergrande Group and its Hong Kong-listed subsidiary Evergrande Property Services Group resumed trading on Tuesday morning after being suspended last Thursday.
Both stocks opened higher in early morning trade, at 0.35 Hong Kong dollars and HK$0.63, respectively, up 9% and 7%. Price movements were fairly volatile through the morning, before stablizing in the afternoon. China Evergrande closed the day 28% higher at HK$0.41, while Evergrande Property Services ended down 3% at HK$0.57.
