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European markets slump after China’s Evergrande falls 14%
Oct 21, 2021 | Yahoo Finance
Picture - European markets slump after China’s Evergrande falls 14%

European markets took their cue from Asia on Thursday, tumbling into the red after shares in China’s Evergrande (3333.HK) tanked as they resumed trading.

In London, the FTSE 100 (^FTSE) fell 0.4% after opening while the CAC (^FCHI) tumbled 0.5% in Paris and the DAX (^GDAXI) was 0.4% lower in Frankfurt.

Stocks with Chinese exposure, most notably the mining sector, were hit the most as China is the world’s biggest consumer of many metals and minerals.

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