BUZZ-U.S. STOCKS ON THE MOVE-Allergan, Xeuda, White Mountain
(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 were lower on Monday after an increased selloff in Shanghai shares sparked concerns over China's slowing growth. The Dow Jones industrial average was down 0.53 percent at 17,475.03, the S&P 500 was down 0.32 percent at 2,073.04 and the Nasdaq Composite was down 0.50 percent at 5,063.143.
** ALIBABA GROUP HOLDING LTD, $80.88, -2.58 pct
** BAOZUN INC, $8.02, -1.35 pct
** SOHU.COM INC, $42.96, -3.85 pct
** BAIDU INC, $198.5, -3.76 pct
** JD.COM INC, $32.89, -5.05 pct
** YY INC, $58.31, -2.65 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...