Chinese stocks tumble again at open, falling 6 percent

August 24, 2015 at 11:48 p.m. | Updated August 24, 2015 at 11:48 p.m.

by Associated Press

A Chinese investor monitors stock prices at a brokerage house in Beijing on Monday, Aug. 24, 2015. Stocks tumbled across Asia on Monday as investors shaken by the sell-off last week on Wall Street unloaded shares in practically every sector.
A Chinese investor monitors stock prices at a brokerage house in Beijing on Monday, Aug. 24, 2015. Stocks tumbled across Asia on Monday as investors shaken by the sell-off last week on Wall Street unloaded shares in practically every sector.

BEIJING -- Chinese stocks have plunged again a day after the country's main benchmark suffered its biggest tumble in eight years.

The Shanghai Composite Index fell as much as 6.4 percent to 3,004.13 in the first minutes of trading Tuesday.

But the index later trimmed its losses and was down 5 percent to 3,050.10.

The index tumbled 8.5 percent on Monday, triggering a wave of big declines on stock markets around the world, including the Dow, which fell 3.6 percent.

The smaller Shenzhen Composite Index also slumped more than 6 percent in early trading.

Other Asian markets were rebounding. Japan's Nikkei reversed early losses, rising 0.5 percent to 18,620.89. Hong Kong's Hang Seng added 1.1 percent to 21,489.11. South Korean and Australian stocks also gained.

Upcoming Events