Chinese property firm Evergrande's stock soared 20% after trading resumed in Hong Kong, despite the announcement last week that its director and executive chairman, Hui Ka Yan, is under scrutiny for suspected crimes. The company stated that there is currently no other inside information that needs to be disclosed. This rebound contrasts with the wider Hang Seng Index, which saw a 3% plunge due to the struggles of other real estate stocks. Evergrande and Country Garden Holdings are facing debt problems amidst faltering consumer confidence in China's property market.
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