NDTV After a plunge of more than 8 per cent in major indexes on Monday, Chinese regulators said they were prepared to buy shares to stabilise the stock market, while the central bank injected cash into money markets and hinted at further monetary easing. via Thomson Reuters
'Despite that, the CSI300 index of the largest listed companies in
Shanghai and Shenzhen fell 3.1 per cent in early trade on Tuesday, while
the Shanghai Composite Index lost 3.4 per cent.
'Monday's dramatic slide shattered three weeks of relative calm for
Chinese equities, secured through heavy government intervention in which
authorities pumped liquidity into the market while effectively barring
many investors from selling.
'The rapid sell-off, which saw China's major indexes suffer their biggest
one-day loss in more than eight years, may have been partly due to
authorities testing the water for withdrawing some of that heavy-handed