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· Shares in Europe traded sharply lower Monday morning as investors questioned the stability of the German government and wider trade links between the European Union and the U.S.
The pan-European Stoxx 600 was 1.1 percent lower with every sector in the red. The German Dax led the falls across the major European bourses, lower by 1.3percent. In terms of sectors, basic resources were the worst performers, down by 2 percent, followed by banking stocks, down by 1.3 percent.
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Shanghai blue chips .CSI300 resumed their slide with a fall of 2.3 percent that soured sentiment across the region. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.6 percent, adding to a 2 percent drop last week.
· Japan’s Nikkei slid to 2-1/2-month lows on Monday, with the broader market dragged down by a slump in China’s stock market and as investors rushed to unwind long positions.
On the first trading day of July, the Nikkei dropped 2.2 percent to 21,811.93, the lowest closing price since April 13. It was the largest daily percentage drop since mid-March.
· Chinese stocks on Monday handed back their gains from a bounce late last week as worries mount ahead of a U.S. move to impose $34 billion of tariffs on Chinese exports.
By 0637 GMT on Monday, the blue chip CSI300 index .CSI300 was down 3.1 percent, while the Shanghai Composite Index .SSEC fell about 2.6 percent. Financial stocks led declines, with the CSI financial sub-index .CSI300FS off 4 percent.
Reference: Reuters, CNBC
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