Main indexes drop more than 6% as central bank injects largest amount of cash into financial system in one day in almost 19 months
Chinese stock markets fell sharply in the final hour of trading after investors were rattled by fears about the withdrawal of government support for shares and further capital flight following the devaluation of the yuan last week.
The Shanghai composite index dropped 6.12% and Shenzhen 6.6% on Tuesday, their steepest fall since the 8.5% slide on 27 July. By the end of trading about 1,000 companies had plunged by the daily 10% limit, with state-owned firms bearing the brunt of the selling.
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Source: The Guardian Circular Economy RSS