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seven percent drop in Chinese shares on Monday halted trading in Shanghai reigniting fears of a global economic slowdown writer's market editor David Geffen below what going on with China is this ongoing ways in which that market is trying to reform itself and become sort of more like other larger capital markets around the world thing if it isn't that back in August when we had a big selloff in China there were some really heavy handed intervention regulators there they put some restriction on short selling thingy that the restrictions on institutional investors and told them they were not allowed to tell after six months that deadline is coming up soon and so there's some concern that basically we're sort of holding that was put into play , it's going to expire and that three Chinese authorities won't be able to stop the additional selling that then comes from that as a result manufacturing surveys showed Chinese actually activities Frankfort ten straight month in December and out of that thirteen than the previous month writing tensions in the Middle East adding to the gloom diplomatic ties between Saudi Arabia and Iran deteriorated over the weekend raining concerned that wasn't right would be disrupted back in New York some of the biggest stocks leading the way Laura apple and Goldman Sachs both taking a hit Monday