World ETFs swooned on the first trading day of the new year, as the effects of a panicked sell-off in China’s mainland stock markets spread across Asia, Europe and the United States. The Shanghai and Shenzhen markets closed early after respective 7% and 8% plunges reportedly triggered “circuit breakers.” Trading was suspended early to halt a panicked sell-off. Weak manufacturing data for the fifth straight month revived concerns overs China’s
Source : Investors.com