This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-34048084

The article has changed 13 times. There is an RSS feed of changes available.

Version 2 Version 3
Chinese stocks continue to tumble Chinese stocks continue to tumble
(35 minutes later)
Chinese stocks continued to tumble on Tuesday though elsewhere in Asia losses were less severe than analysts had feared after Monday's dramatic fall. Chinese stocks continued to fall, though elsewhere in Asia stocks returned to gains after global markets had been rocked by dramatic losses the previous day.
The mainland benchmark Shanhai Composite was down 6% to 3,016.92 points, extending Monday's shock losses of 8.5%. The mainland benchmark Shanghai Composite was down 3.2%, adding to Monday's dramatic 8.5% drop.
Overnight, stocks in Europe and the US had also seen exceptionally sharp falls. Overnight, stocks in Europe and the US had also seen sharp falls.
The global sell-off was driven by fears over the health of the Chinese economy. The worldwide sell-off was driven by fears that China's slowing growth might pull down economies around the globe.
Investors are worried that firms and countries which rely on high demand from China - the world's second largest economy and the second largest importer of both goods and commercial services - will be affected.Investors are worried that firms and countries which rely on high demand from China - the world's second largest economy and the second largest importer of both goods and commercial services - will be affected.
China's central bank devalued the country's currency, the yuan, two weeks ago, raising fresh concerns that a slowdown in the country's economy was worse than originally feared.China's central bank devalued the country's currency, the yuan, two weeks ago, raising fresh concerns that a slowdown in the country's economy was worse than originally feared.
Recoveries elsewhere in AsiaRecoveries elsewhere in Asia
Elsewhere in Asia though, markets were trading significantly better on Tuesday than analysts had feared. Elsewhere in Asia though, markets beat analysts' expectations, returning back to positive territory.
Hong Kong's Hang Seng was up by 1.6% while Australia's S&P ASX/200 rose by 2.5% and South Korea's Kospi edged 0.3% higher. Hong Kong's Hang Seng was up by 2.6% while Australia's S&P ASX/200 rose by 2.2% and Japan's Nikkei 225 was 0.7% higher.
Aside from Shanghai, Japan' s Nikkei 225 was the other significant index taking a hit, dropping by 2.5% to 18,089.54 points. The gains came despite the losses in Europe and the US over night.
Investors are worried China's woes are strengthening the Japanese yen which could hurt the country's important export sectors. In volatile trading, Wall Street's Dow Jones fell 6%, then almost recovered its losses before closing 3.6% lower.
Earlier, London's FTSE 100 index closed down 4.6%, with major markets in France and Germany down by 5.5% and 4.96% respectively.
Andrew Walker: How the China share slump affects the rest of the worldAndrew Walker: How the China share slump affects the rest of the world
Karishma Vaswani: China counts cost of Black MondayKarishma Vaswani: China counts cost of Black Monday
Robert Peston: Will China’s slowdown make us poorer?Robert Peston: Will China’s slowdown make us poorer?
Duncan Weldon: China share falls - why it's not 2008Duncan Weldon: China share falls - why it's not 2008
In volatile trading, Wall Street's Dow Jones fell 6% over night, then almost recovered its losses before closing 3.6% lower.
Earlier, London's FTSE 100 index closed down 4.6% at 5,898.87, with major markets in France and Germany down by 5.5% and 4.96% respectively.
Investors are now looking at Beijing to step in and somehow stabilise the markets.
"Asia is at the epi-centre" of the current sell-off, Chris Weston, chief market strategist at trading firm IG said in a note before the open of the Asian markets.
"China needs to convince the domestic market and the world that its economy is able to cope with further outflows and that its slowdown is under control," he explained.
Beijing's latest intervention at the weekend, allowing its main state pension fund to invest in the stock market, has so far failed to reassure traders.