In Europe's major stock markets on the 20th, stock prices fell, with concerns about the impact of the deterioration of Chinese real estate giants on the market, which fell by more than 2% in Germany's Frankfurt market.
In the European stock market on the 20th of the week, there was growing concern that the impact of the deterioration of the management of the Chinese real estate giant "Evergrande Group" would spread to a wide range of industries such as construction.
As a result, sell orders swelled immediately after the start of the transaction, and the stock price fell.
The closing prices of stock indexes in major markets
fell sharply by about 2.3% in the German Frankfurt
market, about 1.7% in the Paris market,
and about 0.8% in the London market,
compared to last weekend
. The prices have dropped respectively.
Market officials said, “If the management of the Evergrande Group in China gets stuck, we will avoid risks among investors because of concerns that companies holding corporate bonds in Europe and real estate-related industries such as construction will be affected. The movement has spread. "