Dow tumbles 760 points, on pace for worst day since October 2020; European stocks sink on Evergrande fears; banks slide 4%; German Dax down 2% 
U.S. stocks began the week deeply in the red as investors continued to flock to the sidelines in September amid several emerging risks for the market. 
The Dow Jones Industrial average lost 760 points, or 2.3%, set for its biggest one day drop since October 28, 2020. At its session low, the 30-stock stock was down 971 points. The S&P 500 fell 2.3% with every sector declining at least 1%, also on pace for its worst daily performance in nearly 11 months. The tech-heavy Nasdaq Composite dropped 2.8%. 
Investors fear a contagion sweeping financial markets from the troubled China property market. Hong Kong equities saw a big sell-off during the Asia trading session on Monday. The benchmark Hang Seng index plunged 4% with embattled developer China Evergrande Group on the brink of default. 
The Federal Reserve begins a two-day meeting Tuesday and investors are worried the central bank will signal it’s ready to start pulling away monetary stimulus amid surging inflation and improvement in the job market.

 
The pan-European Stoxx 600 index ended the session down by 1.7% provisionally. European banking stocks tanked 4.1% on average, posting their worst session so far this year. Among major bourses, the German Dax was down around 2.3%. 
Meanwhile, AstraZeneca shares rose 6.2% after announcing promising results for a breast cancer drug. 
Source: CNBC, Investing.com