Tech Insider
Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023.
An aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, on Aug 28, 2023.

Costfoto/NurPhoto/Getty Images

  • China Evergrande shares surged as much as 42% on Tuesday after trade in the stock resumed.
  • The stock was suspended last Thursday following news its chairman has been put under police surveillance.
  • Trade in the debt-laden real-estate developer's shares has been very volatile since August. 

Shares of embattled Chinese real-estate developer Evergrande surged as much as 42% in 15 minutes after the stock resumed trading on Tuesday.

Tags
Markets, News, mi-exclusive, Markets, China, Evergrande, property-crisis, Debt, real-estate, News
Source
Evergrande shares jumped 42% within 15 minutes of resuming trade amid investiga…