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7 Percent Drop Closes Chinese Stock Markets; U.S., World Markets Also Slump

A trading hall sits empty in a securities firm in Haikou, China, Monday. Trading on the Shanghai and Shenzhen stock markets was ended before 2 p.m. Monday after shares tumbled 7 percent. (Xinhua /Landov)
A trading hall sits empty in a securities firm in Haikou, China, Monday. Trading on the Shanghai and Shenzhen stock markets was ended before 2 p.m. Monday after shares tumbled 7 percent. (Xinhua /Landov)

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