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Markets in Asia traded lower Monday as worries over China
and low commodity prices continue to dampen investor sentiments. The Chinese
markets opened in negative territory with the Shanghai composite down 2.51
percent after losing all of its 2015 gains last week, falling by 9.97 percent
in just five days. The Shenzhen composite was down 3.28 percent.
Over
on Wall Street
In the US, major
indexes closed the first trading week of the year in the red as global economic
concerns outweighed an above-expectation jobs number for December.
The
Dow Jones industrial average lost 6.1 percent for the week, closing at
16,346.45. The S&P 500 shed 5.96 percent for the week, down at 1,922.03
while the Nasdaq composite was down 7 percent at 4,270.78.
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