Morning Market Update: Sell-Off Continues Around The World

The broad sell-off in risk assets that started last week continues after markets across Asia slumped in overnight trading.

The Shanghai Composite fell 8.5% on Monday after the Beijing government defied widely-held expectations that it would intervene to support the country's sliding stock market. Markets were widely expecting the government to cut interest rates or inject liquidity to stem declines.

China Xinhua News, the official mouthpiece of the Beijing government, called the sell-off "exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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