Charting the Markets: China Rout Ripples Across Stock Markets

January 4, 2016 9:58 AM

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Chinese stocks slump 7 percent, the yen rises to October high against the dollar and Shire shares drop.

Global equities dropped after a 7 percent decline in Shanghai forced China to halt stock trading and Saudi Arabia severed ties with Iran, spurring a flight to haven assets. The MSCI Asia Pacific Index sank as much as 2.2 percent, the most since Sept.29. The Stoxx Europe 600 Index fell as much as 2.8...

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