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![MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS sank 2 % [Xinhua]](http://thebricspost.com/wp-content/uploads/2016/01/196464842_8-e1452012387574.jpg)
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS sank 2 % [Xinhua]
Both the Dow and S&P 500 SPX had their worst five-day starts in history, with the Dow down 6.2 per cent for the week and S&P 500 6 per cent. The Nasdaq sank 7.3 per cent.
Chinese shares tumbled heavily in the morning session of Monday, with the benchmark Shanghai Composite Index nose-diving more than 2 per cent.
The CSI300 index fell 2.2 per cent to 3,288.80 points at the end of the morning session, while the Shanghai Composite Index lost 2.4 per cent to 3,109.95.
China CSI300 stock index futures for January fell 2.4 per cent, to 3,256, 32.80 points below the current value of the underlying index, suggesting investors see further losses.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.6 per cent, led by a 1.7 per cent dive in Australian stocks on Monday.
In India, benchmark shares indices continue to trade dismal tracking weak global cues.
The Sensex and the Nifty were trading down by nearly 1 per cent due to heavy selling by funds and investors.
Source: Agencies
