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European Stocks Close Weak As Inflation Worries, Evergrande’s Debt Woes Weigh

October 4, 2021

European stocks ended weak on Monday with investors largely staying cautious, fretting over risk to growth from rising inflation and China Evergrande’s financial troubles.

Market participants closely watched beleaguered developer China Evergrande, whose shares were suspended in Hong Kong ahead of an announcement about a major transaction.

The focus was also on Eurozone finance ministers’ meet in Luxembourg, with matters including the EU’s recovery plans as well as progress on the much-delayed banking union project on the agenda.

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