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European shares rebound despite worries over China’s property woes

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Concerns over China’s property market worsened after the onshore bonds of Country Garden, the country’s top property developer, were suspended. Photograph: Alex Plavevski/EPA European shares closed higher on Monday, rebounding from a near one-week low, as gains in retail and healthcare outpaced the fall in miners and energy, both bruised by concerns over China’s embattled property sector. DUBLIN The Irish index of shares rose on Monday, starting the week in positive territory as banking stocks rebounded and index heavyweights stabilised. AIB saw its stock gain almost 2 per cent to end the day at €4.32, while Bank of Ireland rose…

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