A broad based sell off sparked by the Federal Reserve’s assertion that tapering may begin soon continued on Monday, with U.S. stocks opening deep in negative territory and interest rates rising dramatically. Investors attempted a turnaround in the afternoon, with stocks bouncing off their lows, but the Dow still closed with triple digit losses. While risk assets underperformed across the globe, China took some of the worst of it, as a liquidity crunch has wounded the financial sector, pushing the Shanghai Composite down more than 5% to kick off the week.
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