- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
- Detroit porch shooting trial: Suspect says he didn’t know gun was loaded
- U.S. Navy admiral ‘receptive’ to giving Chinese counterpart a tour of carrier
Markets fear failure in U.S. debt talks
Question of the Day
Australia’s S&P/ASX 200 fell 0.3 percent to 4,163. Mainland Chinese shares fell slightly, with the benchmark Shanghai Composite Index inching down less than 0.1 percent to 2,415.13, its lowest close in almost one month.
Stocks that are heavily dependent on exports to the West have come under pressure recently, said Linus Yip of Hong Kong-based First Shanghai Securities. “The market right now is still worried about future economic growth, the European debt problem,” Yip said.
Chinese Vice Premier Wang Qishan, who oversees trade and finance, said this weekend that the global economic situation is “extremely serious” and predicted the malaise is likely to be long term, state media reported.
In Tokyo trade, Mazda Motor Corp. lost 5.1 percent and Panasonic Corp. lost 2 percent. South Korea’s LG Chem Ltd., which makes batteries for cars, lost 4.3 percent.
Benchmark crude for December delivery was down $2.36 at $95.31 a barrel in electronic trading on the New York Mercantile Exchange on Monday. The contract fell $1.41 to finish at $97.41 per barrel on the Nymex on Friday.
• Pamela Sampson in Bangkok and Fu Ting in Shanghai contributed to this report.
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