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Chinese shares sink below 3,000 points

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IANS Beijing

Chinese stocks fell on Tuesday, following a 8.49-percent loss on Monday.

The benchmark Shanghai Composite Index fell 7.63 percent to 2,964.97 points in its biggest daily slump since February 2007. The Shenzhen Component Index lost 7.04 percent to close at 10,197.94 points, Xinhua news agency reported.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, fell 7.52 percent to close at 1,990.71.

Japan's Nikkei 225 Index dived 3.96 percent to close at 17,806.7 on Tuesday.

Overnight, the Dow Jones Industrial Average tumbled 3.58 percent to 15,871.28.

The S&P 500 lost 3.94 percent and The Nasdaq Composite Index sank 3.82 percent.

 

European equities also dived on Monday following the previous session's steep decline, as the Stoxx Europe 600 was down over 6 percent and Germany's DAX fell 4 percent.

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First Published: Aug 25 2015 | 1:10 PM IST

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