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-33684950

The article has changed 4 times. There is an RSS feed of changes available.

Version 0 Version 1
Asia shares down following the historic drop in China China shares continue to slide after historic sell-off
(about 2 hours later)
Shares in Asia opened in negative territory on Tuesday after mainland China saw a dramatic sell-off the previous day. Shares in mainland China continued their slide on Tuesday, after a historic sell-off the previous day.
In its biggest drop in eight years, the Shanghai Composite had tumbled more than 8% on growth concerns. The Shanghai Composite fell by 4.3% to 3,567.38 points in early trade, after the index on Monday saw its biggest drop in eight years with an 8% tumble.
US stocks overnight took the cue from the insecurity in China and the Dow Jones fell to a five-month low. China has tried to calm investors by reassuring it would implement prudent monetary policy to stabilise markets.
Asia's largest stock market, Japan's Nikkei 225 was 1% down to 20,148.07 points in early Tuesday trade. The country's central bank said it would inject 50bn yuan (£5.2bn; $8.05bn) into the money markets.
Shares in camera maker Canon were up 0.7%. The rise comes despite the firm cutting its earnings outlook and reporting a 16% fall in quarterly profit on Monday. The People's Bank of China also insisted that the country's main economic indicators were steadily improving.
Sales are hit by consumers increasingly using their smartphones rather than compact cameras. The dramatic drop on Monday, though, had followed weak economic data on profit at Chinese industrial firms and a disappointing private factory sector survey on Friday.
The dramatic drop in China on Monday followed weak economic data on profit at Chinese industrial firms and a disappointing private factory sector survey on Friday. Crackdown on 'malicious trading'
Investors were also worried by reports that the China Securities Finance Corporation (CSFC) had started to return - ahead of schedule - money it borrowed to stabilise the stock market. The regulating authority China Securities Finance Corporation (CSFC) also said there would be a crackdown on short selling.
"Any malicious trading will be investigated and severely punished," the CSFC warned in a statement.
But analysts are hesitant to take much confidence from those measures.
Evan Lucas, market strategist with trading firm IG said in a note that "clearly the Chinese markets are unable to support themselves".
"The mountain of leverage and the risks of margin calls are hitting market stability."
In Hong Kong's, the Hang Seng index followed the mainland's lead and was down by 0.5% to 24,229.47 points in early trade.
Mers outbreak 'over'Mers outbreak 'over'
In South Korea, the benchmark Kospi fell 0.6% to 2,026.99 points. Elsewhere in Asia, stock took the cue from the poor performance on the Chinese mainland and also traded in negative territory.
Asia's largest stock market, Japan's Nikkei 225 was 1.1% down to 20,123.70 points.
Shares in camera maker Canon were up 0.8%. The rise comes as a surprise after the firm cut its earnings outlook and reported a 16% fall in quarterly profit on Monday.
Sales are hit by consumers increasingly using their smartphones rather than compact cameras.
In South Korea, the benchmark Kospi fell 0.9% to 2,019.92 points.
Relief for stocks could come from Prime Minister Hwang Kyo-Ahn declaring the end of the deadly outbreak of Middle East Respiratory Syndrome (Mers).Relief for stocks could come from Prime Minister Hwang Kyo-Ahn declaring the end of the deadly outbreak of Middle East Respiratory Syndrome (Mers).
36 people died out of the 186 infected by the virus, following the first diagnosis on 20 May.36 people died out of the 186 infected by the virus, following the first diagnosis on 20 May.
The outbreak had been a major strain on the country's economy, affecting domestic consumption and tourism.The outbreak had been a major strain on the country's economy, affecting domestic consumption and tourism.
The quarantine of the last suspected patient was lifted on Monday.The quarantine of the last suspected patient was lifted on Monday.
Australian stocks followed the region's trend, falling 0.7% to 5,551.30 points in early trade. Australian stocks followed the region's trend, falling 0.9% to 5,542.20 points.
China is Australia's main market and the dramatic volatility in Chinese stocks as well as the slowing growth indicators are likely dampening investor sentiment.China is Australia's main market and the dramatic volatility in Chinese stocks as well as the slowing growth indicators are likely dampening investor sentiment.