China Stocks Fall Again, Others Rebound After Global Slump

Stocks in China took another plunge when markets opened Tuesday, falling more than 6 percent in early trading before making back some ground later in the morning.

Shares in Shanghai's index were down about 4 percent by mid-morning.  In Japan, the Nikkei rebounded from its own drop of 4 percent at the open to rally to positive territory, while Hong Kong's Hang Seng index was up more than 2 percent.

On Monday, worries about China's faltering economic growth pushed down stock and oil prices around the world.

Shanghai's index dropped more than 8 percent Monday, while Japan's main market lost more than 4 percent and Hong Kong was down more than 5 percent.

In the U.S., stock markets plunged in early trading and saw a wild swing in prices throughout the day before closing down at least 3.6 percent.

Key European indexes were off 4 percent or more.  India's Sensex dropped 5 percent, its steepest drop in six years.

Prices for many commodities also declined, with the price of crude oil off by more than 4 percent to hit the lowest price in more than six years.

China's growing economy has been a major market for commodities and all kinds of goods for many years.

A series of economic shocks, including a falling stock market and a surprise devaluation of the currency, have made investors question the health and growth of the world's second-largest economy.  An economy that grows slowly will need less energy and provide less opportunity for investors in many areas...
  voanews.com
24/8/15
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