Tuesday, August 25, 2015

China Stocks Plummet Another 7 Percent Amid 'Mood of Panic'

SHANGHAI — Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia.

Major Chinese stock indexes nosedived more than 7 percent, hitting their lowest levels since December, following their more than 8 percent plunge on Monday that sent shockwaves through global financial markets.

Japan's Nikkei slumped 4 percent on Tuesday, but the rest of Asia was been calmer overall. Europe also started on a firmer footing after Monday's global beating had wiped around $520.70 billion off the value of its leading stock markets.

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