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Corporate America put the brakes on a month-long borrowing binge on Monday as growing concern about spillover effects from property developer China Evergrande Group roiled markets globally.

At least eight blue-chip companies that had planned to sell bonds decided to stand down, underwriters said. Worries about Evergrande pulled down equities around the world, including about a 2 percent decline in U.S. stocks. A key barometer of high-yield investors’ risk aversion, the Markit CDX North American High Yield Index, weakened.

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