A brief rebound collapsed Thursday afternoon and selling hammered stocks with renewed vigor, sending U.S. stocks to new lows for the day as the tumult in global markets to start 2016 continues after more bloodshed in China’s stock market, where trading was halted for a second time this year after a 7% plunge.
The Dow Jones industrial was off 300 points, or 1.8%, to about 16,600 just before 1:30 p.m. ET.
The sledding continues to be treacherous on Wall Street, which is already off to its worst three-day start to a new year since 2008. And China is again at the epicenter of the sell-off. Sparking angst today was a freefall in Chinese stocks at the start of trading there, which triggered a shutdown of the Chinese stock market about 30 minutes into the trading session — marking the shortest trading day in the market’s short history.