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 6 Version 7
Chinese stocks continue to tumble after global rout Chinese stocks continue to tumble after global fall
(35 minutes later)
Chinese stocks have fallen again, a day after their worst plunge since 2007 caused market losses around the world.Chinese stocks have fallen again, a day after their worst plunge since 2007 caused market losses around the world.
The global sell-off was driven by fears that China's slowing growth might pull down other economies.The global sell-off was driven by fears that China's slowing growth might pull down other economies.
The benchmark Shanghai Composite was down 4% at midday on Tuesday, after dropping 8.5% on what state media called "Black Monday" - overnight, stocks in Europe and the US also fell. The Shanghai Composite, China's main stock exchange, was down 4% at midday on Tuesday - it had dropped 8.5% on what state media have called China's "Black Monday".
Tokyo's Nikkei index had a volatile day, closing 4% lower.
Other Asian markets opened lower on Tuesday, but recovered in later trade.Other Asian markets opened lower on Tuesday, but recovered in later trade.
The Shanghai index opened 6.4% lower, but recovered slightly to end the morning session of trade down 4.3% at 3,071.06 points.
Live coverage of global marketsLive coverage of global markets
The Shanghai index opened 6.4% lower but recovered slightly to end the morning session of trade down 4.3% at 3,071.06 points. After decades of rapid growth, China is slowing down, and investors globally 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.
The 3,000 point level is seen as psychologically important for investors - falling below that could trigger panic selling.
Investors globally 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 by its slowdown.
Carrie Gracie, China editor, BBC News: 'Beijing thinking hard'Carrie Gracie, China editor, BBC News: 'Beijing thinking hard'
Some investors had hoped that the government might make a dramatic intervention to help. Some investors had hoped that the Chinese government might make a dramatic intervention to help.
But after two months of attempting and failing to shore up the markets at a cost of hundreds of billions of dollars in state funds, even Beijing now seems to be thinking hard about what stock prices are sustainable in the long term.But after two months of attempting and failing to shore up the markets at a cost of hundreds of billions of dollars in state funds, even Beijing now seems to be thinking hard about what stock prices are sustainable in the long term.
For a government whose legitimacy rests on economic competence, and which had hoped that a rising stock market would help ease the problems of a wider economic slowdown, this financial crisis still carries real political dangers.For a government whose legitimacy rests on economic competence, and which had hoped that a rising stock market would help ease the problems of a wider economic slowdown, this financial crisis still carries real political dangers.
Read more from our experts:Read more from our experts:
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 recent months, the Chinese government has intervened in financial markets, in an attempt to try to maintain momentum in the economy. Chinese shares had experienced a year-long rally - mainly fuelled by investors borrowing money to buy shares - which came to an end in June.
But the central bank's devaluation of the currency, the yuan, two weeks ago, raised fresh concerns globally the economy could be in worse shape than previously thought. The Chinese government then intervened in financial markets, to try to maintain momentum in the economy.
Two weeks ago the central bank devalued the currency, the yuan - this raised fresh concerns that China's economy could be in worse shape than previously thought.
A cheaper currency lowers the price of China's exports, making them more attractive to global firms.A cheaper currency lowers the price of China's exports, making them more attractive to global firms.
Elsewhere in Asia and Australia on Tuesday, markets beat expectations, opening lower but then returning back to positive territory by lunchtime: Elsewhere in Asia and Australia on Tuesday, markets beat expectations, opening lower but then returning back to positive territory:
Those gains came despite the losses in Europe and the US overnight: The dollar remained weak at 119.15 yen, up from a seven month low of 118.51 yen in New York on Monday.
Commodity prices also recovered after Monday's falls, although oil remains under pressure because of a global oversupply.
Overnight, the Europe and the US saw dramatic falls, but are expected to show some signs of recovery when they open on Tuesday.