Shares of China’s Country Garden rise more than 7% in early trade

HONG KONG (Reuters) – Shares of Country Garden rose more than 7% on Tuesday, recovering some ground after the stock plunged a day earlier as China’s largest private developer seeks to delay payment on a private onshore bond for the first time.

The stock was up 7.5% at HK$0.86 at 0146 GMT.

(Reporting By Anne Marie Roantree; Editing by Muralikumar Anantharaman)