China Evergrande Group’s stock and bond values fell further on Tuesday, fueling concerns about broader influence after S&P Global Ratings warned that Beijing is unlikely to bail out the developer. Evergrande’s shares in Hong Kong fell as much as 7 percent on Tuesday before closing 0.4 percent down, following a 10 percent drop the previous day. One S&P report released on Monday forecasts that the Chinese regime will not directly support Evergrande, which puts the property developing giant on the brink of default. “We believe Beijing would only be compelled to step in if there is a far-reaching contagion causing multiple major developers to fail and posing systemic risks to the economy,” the report states. “Evergrande failing alone would unlikely result in such a scenario.” As Bloomberg-compiled data show, a nearly $120 million interest payment on two Evergrande bonds matures on Sept. 23. The Thursday deadline is a crucial test …