Markets kicked off 2016 with another plunge in Chinese stocks that sent markets worldwide reeling.
China’s CSI 300 Index slid 7 percent, triggerring a trading halt, after a report on Monday showed that the Caixin manufacturing index for China came in at 48.2 in December, missing the median analyst estimate for a reading of 48.9.
The rest of Asia followed China's lead, with the MSCI Asia Pacific Index falling 2.4 percent.
The STOXX Europe 600 Index fell 2.5 percent, capping the worst start of the year ever.
The S&P 500 fell 1.5 percent, its sixth-worst start to a year in data compiled by Bloomberg going back to 1927.
As stocks fell, safe haven government bonds rose. Yields on US 10-year notes fell three basis points to 2.24 percent while Germany’s bund yields fell six basis points to 0.57 percent.
Oil and copper also fell on Monday but gold rose 1.4 percent for its biggest gain in two weeks.
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