China's ‘Black Monday' spreads stock market fears worldwide

``Shanghai's main share index closed down 8.49 percent, but trading in hundreds of shares was suspended after they lost 10 percent... Overnight futures trading suggested further losses were in store for the Standard & Poor's 500-stock index in the United States after last week's 6 percent decline. S&P futures dropped 3.2 percent, with even favored stocks such as Apple and Netflix losing more than 4 percent in early New York trading, Bloomberg News reported.''