July 28, 2015

"China’s shares bounced from their lows Tuesday, after an 8.5% drop a day earlier spurred declines in global markets and prompted questions about what Beijing’s next steps to stem selling might be."

Wall Street Journal The Shanghai Composite Index was down 0.8% at 3694.67, after falling much as 5% and rising as much as 1% earlier. The smaller Shenzhen Composite was down 1%, after falling more than 6%. By Chao Deng

'Fresh worries about China’s stocks, which had notched three straight weeks of gains through Friday, have added to the anxiety about disappointing earnings results overseas elsewhere in Asia. Japan’s Nikkei Stock Average was down 0.9%, Australia’s S&P ASX 200 is flat and South Korea’s Kospi was down 0.2%.

'Meanwhile, shares in Hong Kong are up 1.8% and a gauge of Chinese firms listed in the city rose 0.9%.

'Some say the dip in Hong Kong, which hasn’t been as battered by Shanghai’s wild swings, has a silver lining.'

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