China's stock market pummeled and it is bad news for US markets
When China's stock market falls sharply, there's a good chance U.S. stocks go down with it.
Hong Kong stocks open 1.11 pct lower
Hong Kong stocks lost 282.52 points, or 1.11 percent, to open at 25,172.03 points on Friday.
U.S.-listed Chinese firms trade mostly lower
Shares of Ctrip.com International and Baidu, Inc. slid 6.27 percent and 4.40 percent, respectively.
U.S. stocks tumble, extending last week's steep losses
U.S. stocks closed sharply lower Thursday, extending last week's steep losses.