Chinese Stock Market still on Downslide

Beijing, Aug 25: Chinese stocks slid further on Tuesday amid a global rout. The benchmark Shanghai Composite Index opened at 3,004.13 points, down 6.41 percent, following the 8.49-percent loss on Monday. The Shenzhen Component Index opened 6.91 percent lower at 10,212.47 points, reported Xinhua news agency.

The ChiNext Index, tracking China’s NASDAQ-style board of growth enterprises, opened 7.27 percent lower at 1,996.04 points. Stocks on other Asian markets too fell at the opening. Japan’s Nikkei 225 Index fell 2 percent, following Monday’s 4.61-percent loss. The Hong Kong Hang Seng Index shed 0.6 percent after losing more than 5 percent on Monday.