Why China Evergrande Group Stock Rose Today

Shares of beleaguered Chinese property behemoth China Evergrande Group (OTC: EGRN.F), as well as the China Evergrande Group (OTC: EGRN.Y) American depositary receipts, popped early today, rising 2.8% and 9.1%, respectively, as of 9:35 a.m. EDT on Monday.

Sadly, investors may be misinterpreting today's Evergrande news, and making a mistake that will cost them dearly.

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Source Fool.com