Banks, Chipmakers Drag European Stocks Lower on Growth Worries

Banks, Chipmakers Drag European Stocks Lower on Growth Worries
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany on Sept. 29, 2021. Staff/Reuters
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European stocks struggled on Monday after their worst weekly showing since February, hit by a growing number of risks including signs of inflation, elevated bond yields, and developer China Evergrande’s financial troubles.

The pan-European STOXX 600 index fell 0.5 percent, holding near a two-month low hit in last week’s selloff.