Evergrande shares resume trading after 17-day halt

Evergrande shares fell 10% on Thursday morning in Hong Kong as it resumed trading after a 17-day halt.

The hugely indebted Chinese property giant had stopped its shares from trading ahead of an announcement.

Reports said real estate firm Hopson Development was set to buy a 51% stake in its property services unit.

On Wednesday, Evergrande said the $2.6bn deal had fallen through as they were unable to agree on the deals terms.

The crisis at Evergrande has triggered fears that its potential collapse could send shockwaves through global markets.

Investors have concerns about its more than $300bn (£222bn) of debt. The company's total liabilities are equal to around 2% of China's gross domestic product.

Hopson Development, another Chinese property firm, said on Wednesday that Evergrande told it the deal had been terminated on 13 October.