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Evening Standard
Evening Standard
Business
Graeme Evans

FTSE 100 Live: Evergrande deal falls through, Barclays and Tesla earnings impress, WeWork lists in New York

Evergrande's future was back in focus today after it emerged that China's debt-laden property firm had failed to complete a key $2.6 billion asset sale.

Its shares plunged more than 10% at one point following their resumption of trading, with Asian markets also back under pressure on fears of contagion in the region through any subsequent default.

The developments have meant a weaker session for European markets, despite London's blue-chip quarterly results season seeing an impressive profits haul from Barclays and resilient performance by consumer goods giant Unilever.

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