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Dow Jones index's start to 2016 worst in at least 120 years

Groundbreaking on the New York City subway system did not begin until 1900, and the opening of the first subway line did not take place for another four years.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.4 per cent, hitting its lowest level since late September.
The fall in world stocks on Monday, the first trading session of 2016, marked the steepest opening day losses in years for many indexes.
The People's Bank of China again surprised markets by setting the official midpoint rate on the currency at 6.5646 yuan per dollar, the lowest since March 2011.
After an opening skid, the CSI300 index of the largest listed companies in Shanghai and Shenzhen rebounded to be 0.7 per cent higher.
Shares of oil majors Exxon and Chevron fell and the energy index dropped 3.6 per cent as oil prices plunged below $35 a barrel.
The yuan was stable against a basket of other currencies in 2015, CFETS said in a statement published on its website.
China moved to shore up shaky sentiment on Tuesday, a day after its stock indexes and yuan currency tumbled, rattling markets worldwide.
US data sparked further concern as factory activity weakened unexpectedly in December, according to the Institute for Supply Management.