Asian markets resume sell-off on lingering China fears

Analysts say the arket is concerned about China's financial stability and its slowing economic outlookAsian shares tumbled again Monday as another round of tepid data added to concerns about China’s economy, which is already responsible for sparking a rout across global markets at the start of the year. After enjoying some minor relief on Friday, the region’s trading floors were once again swathed in red as panicking investors dumped equities while oil prices also headed south, sitting around 12-year lows. The gains at the end of last week were not enough to help US and European markets, which ended deep in negative territory as a strong US jobs report was overshadowed by fears about China and its leaders’ ability to manage a slowdown.

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