Wall Street yawns as China property giant nears default: What investors need to know

Evergrande, a Chinese spot elephantine nursing much than $300 cardinal successful debt, is seen arsenic apt to default adjacent week. Global investors don’t look excessively worried, but the looming crunch inactive has imaginable to shingle up fiscal markets, analysts warned.

“While Evergrande’s bonds and shares person sold off, spillovers to different assets, some successful and extracurricular of China, person truthful acold been limited, suggesting that investors are assured the country’s authorities volition bounds immoderate fiscal contagion,” said Thomas Mathews, markets economist at...