Chinese stocks tumble again as other Asian markets rebound
Posted by Trading Advisor on 3:24 PM with No comments
Chinese stocks tumbled again Tuesday after their biggest decline in
eight years while most other Asian markets rebounded from a day of heavy
losses.
The mixed picture comes after a tumultuous day on Wall Street, where the
Dow Jones industrial average ended down 3.6 percent after trimming much
bigger losses. European markets were also hit badly. Analysts said it
was unclear whether this was a sign the worst was over, or a reprieve in
a longer-term bear market.
The declines in China were less severe. The Shanghai Composite Index was
down 4.3 percent at 3,071.06 at midday Tuesday after falling 6.4
percent in the first minutes of trading. On Monday, it plummeted 8.5
percent.
Categories: Malaysian Stock
0 comments:
Post a Comment
Note: Only a member of this blog may post a comment.