HONG KONG — Chinese property developer Country Garden Holdings’ stock jumped over 34% as trading resumed on Tuesday after a nine-month suspension, with investors looking for opportunities even as the real estate sector continues to drag on the world’s second-largest economy.
Shares of the debt-laden developer climbed as much as about 30% in the morning, before the gains were pared back. They closed 17.53% higher. Trading of the company’s shares had been suspended since April 2 after it missed a deadline to release its 2023 annual results.
