Global stock markets tumbled Monday, with Dow futures’ decline of nearly 700 points, or nearly 2%, leading the way lower in the United States. A number of emerging investment risks led to the widespread selling. (CNBC)
* Hong Kong’s Hang Seng Index dropped more than 3% overnight on concern about a possible market contagion stemming from embattled Chinese property developer Evergrande Group, which is teetering on bankruptcy. European stocks also sank as Wall Street followed.
* Investors were already concerned about the seasonably rough month of September and the historical trend of the back half of the month being especially weak. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq fell Friday and for all of last week.
* The Federal Reserve‘s two-day September policy meeting, which starts Tuesday, is also a wild card for markets. Central bankers are considering when to begin tapering bond purchases against a…