European stocks opened lower on Monday, due to the losses of mining companies and energy stocks declined due to the drop in oil prices.

The European Stoxx 600 index fell 0.1 percent, extending losses from the previous session.

Shares in the basic resources sector, which includes the largest mining companies in Europe, fell 1 percent, and shares of oil and gas companies fell 0.8 percent, as crude oil and base metals prices fell amid growing concerns about the basic resources sector in China and the strengthening of the dollar.

In turn, LVMH, which has exposure to China and is the most valuable in public trading in Europe, fell 0.5 percent.

Philips shares jumped 4.7 percent to top the Stoxx 600 index, after the Dutch investment company Exor acquired a 15 percent stake in it.

Source: Qatar News Agency