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European stock markets sink

The Shanghai Composite Index is now down around 29 percent since its peak closing on June 12

European equities sank on Monday reacting to the biggest one-day plunge since 2007 on China's stock market, with London's FTSE 100 index dropping 1.13 percent to close at 6,505.13 points.

In the eurozone, the CAC 40 in Paris fell 2.57 percent to end the day at 4,927.60 points, while Frankfurt's DAX 30 lost 2.56 percent to finish at 11,056.40 points.