China fear spreads beyond Evergrande crisis, roiling stock markets

At 24,099 points, Hong Kong's broader Hang Seng index closed at its lowest level since Oct '20

The global stock rout sparked by investor angst over China’s real-estate sector and Federal Reserve tapering worsened on Monday, with US stocks falling more than 1 per cent and European equities tumbling the most in more than two months. 

The S&P 500 fell the most on an intraday basis since May, a test for the buy-the-dip mentality as the gauge jabs at its 50-day moving average. The benchmark index is still up around 16 per cent this year. Treasuries gained along with the dollar before Wednesday’s Fed meeting, where policy makers are expected to start laying the groundwork for paring