China Stocks Continue to Tumble as Global Markets Recover

APTOPIX China Financial Markets
AP

Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia after a day of heavy losses, NBC News reported.

Major Chinese stock indexes tumbled more than 7 percent, hitting their lowest levels since December and following their more than an 8 percent plunge on Monday that sent shockwaves through global financial, equity and commodity markets.

Europe started on a firmer footing after Monday's global beating had wiped around $520.70 billion off the value of its leading stock markets.

The pan-European FTSEurofirst 300 index clawed back 1.7 percent of the more than 5 percent it had lost as London, Paris and Frankfurt bounced 1.5 to 1.7 percent.

Read More

Contact Us