Summary Box: Stocks sink on fear of China slowdown (AP)
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CHINA SLOWDOWN: The Shanghai composite fell by 4 percent as investors grew concerned that China was set to raise interest rates in an attempt to control its pace of economic growth.
LITTLE LUCK FOR THE IRISH: Ireland refused to take any financial assistance from its fellow members of the European Union. Investors have raised concerns that the country will be unable to repay its debts.
DOLLAR GAINS: The dollar rose against an index of other currencies as investors flocked to safe assets. The dollar's gains contributed to the largest one-day loss for the Dow Jones Industrial average since August.
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