The New York Stock Exchange collapsed on Monday due to a market worried about the possible crisis in the payment of the debt of the largest real estate conglomerate on the planet, the Chinese corporation Evergrande.

The Dow Jones industrial index ended down 1.8%, or 614 points. The S&P 500, Wall Street's broadest measure, closed down 1.7%, while the Nasdaq Composite fell 2.2%.

Evergrande grapples with more than $ 300 billion in debt amid a stagnant real estate market in China. In addition, the enormous amount of money that companies in that country have borrowed has driven global fear in the stock markets.

The corporation has more than 1.4 million homes under construction that it can no longer finish or deliver to their owners.
The titles of the Chinese company, on the verge of bankruptcy, fell 17% this Monday in Hong Kong and have a fall of almost 90% compared to the beginning of the year.

With this outlook, the Dow Jones index on Monday experienced a drop of more than 2% in the middle of the day on Monday or more than 900 points.

Any problem that Evergrande experiences has a decisive impact on the Chinese financial markets, and this Monday it happened in some way in New York.

A default on its debt would likely trigger contagion through the markets, as investors worry whether this could create a chain reaction with other large Chinese companies in similar circumstances.

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