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Shares of China’s troubled Country Garden Holdings Co. will be dropped from Hong Kong’s Hang Seng Index, the stock index compiler announced Friday, in the latest blow to the company.
The property developer’s shares HK:2007 have tumbled 71% this year, with more than 50% of that move coming in the most recent quarter amid a crisis for the indebted real-estate industry and difficulties for China in restarting its economy after COVID lockdowns.
China’s…
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