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  04 Oct 2021, 13:47

Europe stocks wobble at open

  LONDON, Oct 4, 2021 (BSS/AFP) - Europe's major stock markets wavered at the

open on Monday, as investors tracked news regarding the potential collapse of
troubled property giant China Evergrande.

   In initial trade, London's benchmark FTSE 100 index was marginally higher
at 7,029.90 points.

   In the eurozone, Frankfurt's DAX index eased 0.2 percent lower to
15,124.89 points and the Paris CAC 40 dropped 0.3 percent to 6,497.42.

   Elsewhere, Hong Kong stocks plunged Monday on Evergrande fears after the
firm suspended trading in its shares, though most other markets in Asia rose
after a strong pre-weekend lead from Wall Street.

   The crisis at Evergrande, which is drowning in a sea of debt worth more
than $300 billion, has roiled markets in recent weeks on fears that its
failure could spill over into the wider Chinese economy and possibly further.

 

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