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Chinese shares trade lower again after days of volatility Chinese shares trade lower again after days of volatility
(about 4 hours later)
After days of volatility Chinese equities traded lower once again on Thursday, despite Beijing's efforts to calm markets.After days of volatility Chinese equities traded lower once again on Thursday, despite Beijing's efforts to calm markets.
The mainland's benchmark Shanghai Composite was 1.3% down to 3,751.48 points. The mainland's benchmark Shanghai Composite was 1.5% down to 3,735.92 points.
The negative open comes after the index had seen strong volatility since the beginning of the week.The negative open comes after the index had seen strong volatility since the beginning of the week.
Traders appeared not to pick up on efforts by the central bank to provide more liquidity to stabilise markets. Traders appeared not to respond to efforts by the central bank to provide more liquidity to stabilise markets.
In Hong Kong, the Hang Seng index was also pulled lower, down 1.1% to 22,905.80 points. In Hong Kong, the Hang Seng index was also pulled lower, down 1.6% to 22,794.63 points.
Elsewhere in AsiaElsewhere in Asia
Shares across the rest of Asia also fell on Thursday over worries about China's slowing growth and volatile equities.Shares across the rest of Asia also fell on Thursday over worries about China's slowing growth and volatile equities.
The region's largest stock market, Japan's Nikkei 225 index was down 0.4% at 20,142.81 points. Sentiment was also dampened by the weak lead from Wall Street overnight where oil companies saw sharp declines after another drop in the price of crude.
On Wednesday, China's Shanghai Composite fell by 5% at first before recovering to close 1.2% higher.
Sentiment was also muted by the weak lead from Wall Street overnight where oil companies saw sharp declines after another drop in the price of crude.
The minutes from the July meeting of the US central bank, the Federal Reserve, also failed to inspire markets.The minutes from the July meeting of the US central bank, the Federal Reserve, also failed to inspire markets.
The minutes showed policymakers thought conditions for a US rate rise "were approaching", but there remained worries over inflation and the strength of the global economy.The minutes showed policymakers thought conditions for a US rate rise "were approaching", but there remained worries over inflation and the strength of the global economy.
In Australia, the S&P/ASX 200 index dropped 1.1% to 5,318.80. The region's largest stock market, Japan, closed down. The Nikkei 225 index ended day down 0.9% at 20,033.52 points.
But there was better news for the country's national carrier, Qantas, which reported a return to full-year profit. Shares in the airline edged up by 0.7%. In Australia, the S&P/ASX 200 index finished with a sharp drop of 1.7% to 5,290.50 points.
In South Korea, the benchmark Kospi index fell 0.5% to 1,930.61 points. Shares in the country's flagship carrier Qantas dropped by more than 6% despite the airline reporting a return to full-year profit earlier in the day.
In South Korea, the benchmark Kospi index finished 1.3% down at 1,914.55 points.