BUZZ-U.S. STOCKS ON THE MOVE-Chinese ADRs, Allergan, Bellerophon
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks opened lower on Monday after an increased selloff in Shanghai shares sparked concerns over China's slowing growth. The Dow Jones industrial average was down 0.90 percent at 17,411.26, the S&P 500 was down 0.72 percent at 2,064.59 and the Nasdaq Composite was down 1.00 percent at 5,037.774.
** ALIBABA GROUP HOLDING LTD, $79.72, -3.97 pct
** BAOZUN INC, $7.75, -4.67 pct
** SOHU.COM INC, $43.77, -2.04 pct
** BAIDU INC, $198.24, -3.88 pct
** JD.COM INC, $32.89, -5.05 pct
** YY INC, $58.18, -2.87 pct
Chinese shares tumbled more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations abruptly ran out of steam, throwing the viability of Beijing's efforts to stave off a deeper crash into doubt. Continued...