Global stock markets plunge as Chinese real estate giant Evergrande teeters on the brink of collapse with debts of more than $300 BILLION and firm threatens top execs with 'severe punishment' | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Global stock markets plunge as Chinese real estate giant Evergrande teeters on the brink of collapse with debts of more than $300 BILLION and firm threatens top execs with 'severe punishment'

Global stock markets plunged on Monday as Chinese real estate giant Evergrande teetered on the brink of collapse with debts of more than $300 billion.

Shares in the once-mighty property firm plunged 12 per cent in Hong Kong ahead of debt repayment deadlines later this week, sparking contagion fears across the world.

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