Dow Jones tanks nearly 600 points as doubts swirl over China’s property market
The Dow Jones Industrial Average plunged 586 points, or 1.7%, while the S&P 500 index and the Nasdaq Composite index declined 1.69% and 1.99%, respectively.
|I:DJI||DOW JONES AVERAGES||34098.42||-486.46||-1.41%|
|I:COMP||NASDAQ COMPOSITE INDEX||14798.713245||-245.25||-1.63%|
Chinese real estate developer Evergrande’s shares tumbled more than 15% Monday amid worries the company will not be able to make a debt payment later this week.
Some market watchers have called Evergrande…