Matt Henry: International markets tumble as one of China's largest real estate developers Evergrande nears danger of defaulting

Evergrande, one of China's largest real estate developers and one of the biggest businesses in the world, is causing a major crunch for the global economy. 
The massive business has massive debts, about $300 billion worth, and was due to pay off the interest on some of its bank loans yesterday. 
As the company remains in danger of defaulting, the US stock market and other global markets took a tumble.  
Forsyth Barr Head of Wealth Management Matt Henry joined Kerre McIvor to discuss.
LISTEN ABOVE

See omnystudio.com/listener for privacy information.