World stocks flagged a negative sign as steep falls kicked off the new week on Monday. Chinese property developer Evergrande’s escalating liquidity crisis had triggered concerns about spillover risks and widespread pessimism in global markets.
MSCI’s all-country world equity index shed 1.63 percent, its biggest one-day percentage fall day in about two months, as Wall Street’s benchmark Dow Jones Industrial Average fell 1.8 percent, S&P 500 sagged 1.7 percent, and the tech-heavy Nasdaq tumbled 2.2 percent.
