FRANKFURT - European stocks mostly climbed on Monday, recovering from pre-weekend losses though traders were keeping a wary eye on the risks for China's property sector, which sent Asian markets into the red.
Like its heavily indebted competitor Evergrande, any collapse of Country Garden would have catastrophic repercussions for the Chinese financial system and economy. In the foreign exchange market, the dollar at one point was fetching 145.10 yen on Monday, its strongest level against the Japanese currency since November.
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