The pan-European STOXX 600 index was down 2.2% by 1212 GMT, with mining stocks plunging 5.2% on a slide in commodity prices. Asian equities ended sharply lower following a torrid session for China Evergrande Group, the world's most indebted property developer. Overall, 16 central banks are scheduled to hold meetings this week, including in the UK, Norway, Switzerland and Japan. China-exposed luxury stocks such as LVMH, Kering , Hermes and Richemont fell between 2% and 3.2%, extending sharp losses from last week. All major European subindexes were lower, with healthcare , utilities, food and beverage and real estate posting the smallest declines.


Source:   The Star
September 20, 2021 12:45 UTC