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The S&P 500 index declined 8 percent shortly after the opening bell, triggering a key circuit breaker that halted trading for 15 minutes. It was the third time that trading halts have been tipped since last week.

The Party chiefs of Xi'an and Shaanxi province vowed action over the weekend to tackle the problem of illegal construction in the ecologically sensitive Qinling Mountains, after a number of high-ranking officials were probed or punished over corruption.

The STAR market piloted a registration-based IPO system that required strict information disclosures, a pilot ground for China's other boards.

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The S&P index recorded three new 52-week highs and one new low, while the Nasdaq recorded 30 new highs and 30 new lows.

The Seattle Times reported Sunday the board is considering a proposal from top management to temporarily shut down 737 production. The person briefed on the matter told Reuters a temporary shutdown is more likely than another production cut, but it would potentially take a few weeks before production could be halted.

The Philadelphia chip index and the S&P tech sector also dropped more than 5% each.

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The Party committees of the inspected units have set up leading groups of inspection rectification, formulate rectification plans, clarify goals and tasks for rectification, and promote related work in strict accordance with the problems exposed in the inspections.

The People's Bank of China (PBOC) will use a variety of monetary policy tools and adopt counter-cyclical adjustments to keep the liquidity at a reasonable and ample level, it said in a national video and telephone conference.

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The SPP has established a department dedicated to handling public grievances and transferred 20 prosecutors from 10 provincial procuratorates to increase manpower, it reported.

The SAFE will reform the Qualified Foreign Institutional Investor program and the RMB Qualified Foreign Institutional Investor program, which enable licensed international investors to participate in mainland stock exchanges, Pan said.