Stocks fell on Monday.
The S&P 500 fell 0.8 percent while the STOXX Europe 600 tumbled 1.8 percent.
The MSCI Emerging Markets Index fell 1.7 percent as the Shanghai Composite Index plunged 3.2 percent.
Elsewhere in Asia, Japan's Topix index plunged 3.5 percent while the Hang Seng Index fell 2.5 percent.
Safe haven assets rose however. Government bonds gained with US 10-year Treasuries rising for the fifth consecutive day to push the yield down three basis points to 1.61 percent.