European markets closed lower on Monday as investors monitored unrest in China as protests against strict Covid measures and lockdowns erupted over the weekend.
European markets
The pan-European Stoxx 600 was down 0.7% by the market close, with oil and gas stocks shedding 1.4% to lead losses as most sectors and major bourses closed in the red.
The unrest came as infections surged, prompting more local Covid controls, while a central government policy change earlier this month had raised hopes of a gradual easing. Nearly three years of controls have dragged down the economy. Youth unemployment has neared 20%.
In Asia, Hong Kong stocks led losses amid the unrest in China. Oil futures hovered around new 2022 lows as demand concerns over the world's second-largest consumer of oil weighed on prices.
— CNBC's Evelyn Cheng and Abigail Ng contributed to this market report.