European stock dive at open after Asia selloff
MG News | September 20, 2021 at 01:06 PM GMT+05:00
Sep 20, 2021: Europe's main stock markets sank in opening deals on Monday after a vicious selloff in Asia, as fears grew over a possible collapse of debt-laden property giant China Evergrande.
London's benchmark FTSE 100 index lost 1.0 percent to 6,894.33 points, compared with Friday's closing level.
In the eurozone, Frankfurt's DAX 40 dropped 1.9 percent to 15,202.28 on the first day that the index was expanded from 30 to 40 companies.
And the Paris CAC 40 slid almost 1.7 percent to 6,461.07 points.
Sentiment also dogged by the Federal Reserve's plans to taper monetary policy, surging Delta infections, elevated inflation, and signs of weakness in the global recovery.
AFP/APP
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