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| Version 3 | Version 4 |
|---|---|
| Chinese shares slide despite government support | Chinese shares slide despite government support |
| (about 1 hour later) | |
| Mainland Chinese shares have fallen further despite more measures from the government aimed at stemming the sell-off in the volatile market. | |
| Over the weekend, brokerages and fund managers vowed to buy stocks, helped by a state-owned margin finance firm, which in turn would be helped with liquidity from the central bank. | Over the weekend, brokerages and fund managers vowed to buy stocks, helped by a state-owned margin finance firm, which in turn would be helped with liquidity from the central bank. |
| Despite this, the Shanghai Composite closed down 1.29% at 3,727.12. | |
| That comes despite signs of heavy money flows into Shanghai's blue chip stocks. | That comes despite signs of heavy money flows into Shanghai's blue chip stocks. |
| State media said 21 brokerages had put more than 128bn yuan ($20.6bn; £13bn) into a stabilisation fund to meet their weekend pledges to support the market. | State media said 21 brokerages had put more than 128bn yuan ($20.6bn; £13bn) into a stabilisation fund to meet their weekend pledges to support the market. |
| About 57 mutual fund houses were also reported to have started buying equities using 2.16bn yuan of their own money. | About 57 mutual fund houses were also reported to have started buying equities using 2.16bn yuan of their own money. |
| However, the significant downtrend in the market is raising concerns about whether policymakers have the ability to stabilise the market. | However, the significant downtrend in the market is raising concerns about whether policymakers have the ability to stabilise the market. |
| Local reports said more than 200 Chinese-listed firms would halt trading of their shares, in an attempt protect themselves from the falling stock markets. | Local reports said more than 200 Chinese-listed firms would halt trading of their shares, in an attempt protect themselves from the falling stock markets. |
| But Bernard Aw, market strategist at trading firm IG, said he expected authorities to continue to "implement stronger measures until the stock market stabilises". | But Bernard Aw, market strategist at trading firm IG, said he expected authorities to continue to "implement stronger measures until the stock market stabilises". |
| In Hong Kong, the Hang Seng index closed down 1.03% to 24,975.31. | |
| Samsung shares | Samsung shares |
| The rest of Asian markets experienced mixed fortunes, with some recovering losses seen on Monday on fears that Greece would exit the eurozone after the "no" vote in Sunday's referendum. | The rest of Asian markets experienced mixed fortunes, with some recovering losses seen on Monday on fears that Greece would exit the eurozone after the "no" vote in Sunday's referendum. |
| Investors were awaiting the Greek government's new proposals to be unveiled at an emergency eurozone meeting later in the day. | Investors were awaiting the Greek government's new proposals to be unveiled at an emergency eurozone meeting later in the day. |
| Japan's benchmark Nikkei 225 closed up 1.3% to 20,376.59 after falling more than 2% on Monday. | Japan's benchmark Nikkei 225 closed up 1.3% to 20,376.59 after falling more than 2% on Monday. |
| The euro was down to 135.28 yen, but still far above a six-week low of 133.70 yen hit on Monday. | The euro was down to 135.28 yen, but still far above a six-week low of 133.70 yen hit on Monday. |
| In South Korea, the benchmark Kospi index ended down 0.7% at 2,040.29 - marking a three-week low. | In South Korea, the benchmark Kospi index ended down 0.7% at 2,040.29 - marking a three-week low. |
| Shares of Samsung Electronics finished up 0.8% despite the tech giant's earnings guidance falling short of expectations for the second quarter. | Shares of Samsung Electronics finished up 0.8% despite the tech giant's earnings guidance falling short of expectations for the second quarter. |
| Australia's S&P/ASX 200 index ended 1.9% higher at 5,581.40 after the central bank decided to leave interest rates unchanged at a record low of 2%. | Australia's S&P/ASX 200 index ended 1.9% higher at 5,581.40 after the central bank decided to leave interest rates unchanged at a record low of 2%. |
| The decision by the Reserve Bank of Australia was widely expected after it had cut rates in May. |