CNN CNN Newsroom With Carol Costello January 4, 2016 14:01:00
This is the first time china has had to stop trading. what is going on there? >> chinese stocks slammed overnight. their first trading day of the year slammed because of a factory output number. a manufacturing number in china weaker than people thought, showing for ten months in a row, factory activity in china has been shrinking that. spread around the world quickly. shanghai, the stocks were halted at 7% down. tokyo fell. then they spread to europe, frankfurt down 4%. paris down and london, as well. selling, dumping of stocks around the globe. buying safe havens, like gold and bonds. there ...