Stocks Slump Across Europe and Asia Following Shanghai's 7% Crash

January 4, 2016 8:36 AM

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Stocks slumped, led by a rout in China’s equities that triggered a market-wide halt, and higher-yielding currencies tumbled as concern about the global economy and Middle East tension saw investors shun risk on the first full trading day of 2016.

China’s CSI 300 Index of equities fell 7 percent, setting off a circuit-breaker that suspended trade for the rest of the day. The Stoxx Europe 600 Index dropped 2.6 percent as U.S. index futures sank. Haven assets from gold to Treasuries advanced, with the yen touching the strongest level since Octo...

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