News Snapshot:
LONDON — European stocks were sharply lower on Monday as the sell-off in global markets continues into the new trading week. The pan-European Stoxx 600 index was down 2% by mid-morning with nearly all sectors in negative territory apart from utilities. Basic resources stocks — with their heavy exposure to China — were the worst performers on the index, with the sector down 5.8%. The negative trade in Europe comes after Asia-Pacific markets fell sharply on Monday following a sell-off on Wall Street on Friday. Mainland Chinese indexes led losses. The Shenzhen component tumbled around 6%, while the Shanghai composite...
