Wall Street ended the day in red, with indices suffering their biggest daily drop since May, as fear of the potential collapse of China’s Evergrande drove investors to safe-haven assets. USA30 fell 1.78%, while USA500 lost 1.70%. TECH100 traded 2.19% lower.
Crude oil slumped 1.3% to $70.88 a barrel.
Gold rose 0.1% to $1,752.95 pe ounce.
Asia and Australia
Markets were down as investors in the region continued to sell off shares amid concerns about China Evergrande Group’s debt situation.
Japan225 slid 1.83% as markets re-opened after a holiday. The Bank of Japan is due to hand down its policy decision on Wednesday.
Down under, Australia200 edged down 0.11%, with the country’s national bank releasing the minutes from its latest meeting.
HongKong45 fell 0.79%.
Stocks traded significantly lower at the beginning of the week amid concerns about the health of property giant Evergrande Group. Moreover, a US Federal Reserve meeting is approaching. Germany30 traded 2% lower, while France40 fell 1.9%. At the same time, UK100 dropped 1.3%.
Brent oil fell 0.8% to $74.72 per barrel.
EUR/USD traded at 1.1711 after it lost 0.1%.
Sources: investing.com, reuters.com