Evergrande Real Estate Group defied plunging markets on Thursday and raised $600 million in a top up placement.
The Shanghai Stock Exchange Composite Index plummeted 6.5% in one day, while Chinese property stocks fell a similar amount amid concerns Chinese brokerages are tightening margins.
The roller-coaster ride this week has wiped tens of billions in market value off of some Hong Kong-listed companies, and led some investors to question whether the recent rally in A-share and H-shares is experiencing a temporary pullback or has run its course.
Brokerages experienced similar declines. Citic Securities and Haitong Securities each slid more than 2%...
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