Global Shares Retreat After Evergrande Shares Suspended

Read MoreGlobal stocks have fallen, with Hong Kong’s benchmark down more than 2 percent after troubled property developer China Evergrande’s shares were suspended from trading. Shares opened lower in Paris, Frankfurt, and Tokyo. U.S. futures also declined. China Evergrande did not say why it suspended its shares, but a Chinese financial news service, Cailian, said another major developer was planning to buy Evergrande’s property management unit. Evergrande is struggling to make payments on more than $300 billion of debt as it endures a cash crunch brought on by a tightening of Chinese government restrictions on debt-leveraged financing. Germany’s DAX declined 0.2 percent to 15,131.70 while the CAC 40 in Paris lost 0.3 percent to 6,498.98. Britain’s FTSE 100 was flat at 7,027.72. The future for the Dow industrials slipped 0.3 percent while that for the S&P 500 also was down 0.3 percent. In Asian trading, the Hang Seng sank 2.2 percent …