China Evergrande shares tumble 25% after wealth management staff detained

Shares of China Evergrande Group, the world's most indebted property developer, dropped 25% after police detained staff at its wealth management unit. The investigation adds to the company's troubles, as it is already at the center of a crisis in China's real estate sector. Evergrande has faced a string of defaults since late 2021, causing concerns about contagion and rattling global markets.

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