SHANGHAI (AFP) – The Shanghai Stock Exchange opened on Tuesday (local time) with a drop of 4.09% after plummeting 8.48% on Monday and despite new Government measures announced overnight to stabilize markets.
In the first exchanges, the Shanghai index lost 152.42 points to settle at 3,573 points.
Meanwhile, the Shenzhen Stock Exchange was down 4.67%, to 2059.24 points.
The Chinese securities regulator announced on Monday night that it would maintain its policy of buying shares to try to stem the decline.
The Shanghai Stock Exchange on Monday had its biggest one-day drop since February 2007.
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