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Pain in store for Wall Street as China stocks sink

Squawk Box Live gave you news and analysis on global stock markets, with another day of selling expected.

The Shanghai Composite closed lower by 0.8 percent Monday, although other mainland benchmarks - like the Shenzhen Composite - saw steeper falls. This comes after reports over the weekend suggested that Beijing may finally halt its controversial market interventions.

Dow futures tanked more than 200 points on Monday and European bourses opened in negative territory.

Here's how the morning unfolded.

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