European shares closed lower on the day on Thursday, with volumes thin in the last trading session of 2015.Commodity producers were the biggest laggards among European stocks, with Anglo American shares down 75 percent and shares of Glencore down by 70 percent. Shares of oil exploration firm, Seadrill, were down 65 percent.
European markets are expected to open lower on Monday amid a sharp sell-off in Chinese stocks that saw authorities halt trading on the mainland for the rest of the day.
Chinese stocks plunged Monday, spurring a trading halt for the rest of the session, and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the durability of the country's economic recovery. Starting Monday, trading hours for the yuan on the Shanghai-based foreign exchange market will be extended. The extension allows trading in the Chinese foreign exchange market during European trading hours. Stocks in Australia, Japan, South Korea and India also fell. . (Nikkei 225: -2.80 %; Hang Seng: -2.34 %; S&P/ASX 200 : -0.36 %; Shanghai Composite: -3.94 %; Topix: -2.02 %; Shenzhen Composite: -8.1) Energy plays, however, saw gains after oil prices bounced.
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