China Evergrande shares volatile as trade resumes amid investigation into chairman

News Snapshot:

Open this photo in gallery: The Evergrande Group headquarters in Shenzhen, in southern China's Guangdong province, on Sept. 24, 2021.Ng Han Guan/The Associated Press Shares of China Evergrande jumped as much as 42 per cent in volatile trade on Tuesday, days after the embattled developer said its billionaire founder was being investigated over unspecified crimes. Evergrande’s stock was suspended last Thursday after a report that its chairman and founder, Hui Ka Yan, had been placed under police surveillance. The world’s most indebted developer later said in a statement that Hui was being investigated. “There is currently no other inside information...