Stocks around the world plunged on the first trading day of 2016, with the broad U.S. stock market suffering its worst opening day loss in 15 years amid fresh signs of slowing growth in China, the world’s second-biggest economy.

So much for a fresh start on Wall Street as stocks tumbled following a lackluster 2015, when the Standard & Poor’s 500 stock index closed down 0.7%, its first down year since 2008.

2016 is off to a rocky beginning as many of the same worries and headwinds that held stocks back last year have reappeared at the start of the new year, prompting investors to sell stocks and reduce risk.

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