Asian shares extend losses as China sows confusion

By Wayne Cole SYDNEY (Reuters) - Asian shares sank to their lowest in over four years on Monday as doubts mounted about Beijing's ability to manage the world's second-biggest economy. Currency markets saw some wild swings with the South African rand collapsing to record lows at one point before bouncing. MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.8 percent to its lowest since late 2011.