World Markets

Global markets slump after China falls 7%

Kalyeena Makortoff and David Reid

Check out our global markets coverage ahead of the U.S. opening bell. Overnight, trading in Chinese stocks came to a halt after stocks fell 7 percent in the wake of weaker-than-expected manufacturing data.

We also kept track of deteriorating ties between Iran and Saudi Arabia, after Riyadh executed a Shiite cleric, sparking protests.

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