WASHINGTON, Jan. 4 (UPI) -- China's use of its "circuit breaker" stock policy amid a slump and rising tensions in the Middle East have triggered a global stock market downfall.
China halted trading through its circuit-breaker system on Monday after a 7 percent drop in the CSI 300, a benchmark of the largest 300 stocks listed in Shanghai and Shenzhen. The drop is attributed to underwhelming manufacturing data pointing to shrinking factory activity and a falling currency.