Chinese stocks continue to tumble after global fall
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Tuesday, August 25, 2015 By Toufa-e-dil
Chinese stocks continue to tumble after global fall
Chinese stocks have fallen again, a day after their worst plunge since 2007 caused market losses around the world.
The global sell-off was driven by fears that China's slowing growth might pull down other economies.
The Shanghai Composite, China's main stock exchange, was down 4% at midday on Tuesday - it had dropped 8.5% on what state media have called China's "Black Monday".
Tokyo's Nikkei index had a volatile day, closing 4% lower.
Other Asian markets opened lower on Tuesday, but recovered in later trade.
The Shanghai index opened 6.4% lower, but recovered slightly to end the morning session of trade down 4.3% at 3,071.06 points.
After decades of rapid growth, China is slowing down, and investors globally are worried that firms and countries which rely on high demand from China - the world's second largest economy and the second largest importer of both goods and commercial services - will be affected.
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