US STOCKS-Wall St swoons on China shock, oil slide

jueves 7 de enero de 2016 14:08 GYT

* Oil prices slide to near 12-year lows

* China circuit breaker suspended as of Friday

* Apple falls; trading below $100

* Indexes down: Dow 1.22 pct, S&P 1.28 pct, Nasdaq 1.65 pct (Updates to early afternoon)

By Tanya Agrawal

Jan 7 (Reuters) - U.S. stocks were sharply lower on Thursday as market volatility in China and a relentless slide in oil prices unnerved investors, extending the shaky start to the year.

China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff tripped a newly imposed circuit breaker.

Global stocks, however, recouped some losses after the Shanghai and Shenzhen stock exchanges said China would suspend the circuit breaker as of Friday.

With Beijing accelerating the yuan's depreciation to make its exports more competitive, investors fear the world's second-largest economy is even weaker than had been imagined.   Continuación...