For one, the Chinese company’s electric car unit has cautioned of an uncertain future, unless it receives a swift cash injection.
Gold prices in Asia came in mixed on the morning of Sep 27, despite having shown slim gains on Sep 24 when “investors weighed the potential fallout from the debt-laden China Evergrande versus the hawkish stances of central banks,” notes Avtar Sandu.
The commodities expert from Phillip Futures cautions that the distress over Evergrande could now spill over into the broader economy.
