Hong Kong’s property stocks saw their largest loss since May 2020 amid growing investor angst about China’s property company Evergrande collapsing and the country’s real estate clampdown. The Hang Seng Index (HSI) was down more than 3 percent with China and Japan closed for a holiday, the largest drop since May 2020. Hong Kong real estate giant Henderson Land Development Co. also dropped by 13.9 percent, its biggest selloff in more than a year. Sun Hung Kai Properties Ltd. slumped by 10.34 percent and is also poised for its largest loss since 2016. CK Asset Holdings Ltd. was also down by 9.32 percent. Shares of China Evergrande Group dropped by 10.24 percent, after falling by as much as 17 percent earlier in the day. Shares of the group have fallen by more than 80 percent in 2021 as it struggles with crippling debt. The company is more than $300 billion in debt, making it the world’s most indebted …
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