European stocks were in a sea of red on Monday, as a sharp selloff in China scared investors out of equities.
The
Stoxx Europe 600 index slumped 2.5% to close at 356.66 in the first
session of the new year, after gaining 6.8% in 2015. All major sectors
were in the red, led by basic materials, consumer goods and financial
plays.
Equity
strategists have generally been optimistic about the outlook for
European stock markets in 2016, but the action on the first trading day
of 2016 was exactly the opposite. All regional benchmarks were trading
sharply lower, most notably Germany’s DAX, in the wake of the plunge in
Chinese shares that was fueled in part by disappointing Chinese
manufacturing data. Stocks in China at one point dropped almost 7%,
triggering a circuit breaker that halted trading on the mainland for the
rest of the day.
Source: MarketWatch
0 komentar :
Post a Comment