European stocks closed sharply lower on Monday as market sentiment was shaken by fears surrounding embattled property developer China Evergrande Group.
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The pan-European Stoxx 600 index ended the session down by 1.7% provisionally. European banking stocks tanked 4.1% on average, posting their worst session so far this year. Among major bourses, the German Dax was down around 2.3%.
The negative session for Europe come as global stocks continue to struggle in September, traditionally a weak month for markets, with the Dow Jones Industrial Average on track for its biggest one-day drop since July 19.
Reference: CNBC
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