A wild afternoon session for Chinese stocks saw the major benchmarks on the mainland close more than 6 per cent lower on Tuesday.
The Shanghai Composite ended 6.4 per cent lower, and at its lowest point since early December 2014, writes Peter Wells in Hong Kong.
It was the biggest one-day drop since a 7 per cent fall on January 7, when newly introduced circuit breakers were triggered and caused the whole market to be shut in less than 30 minutes of trade. The unsuccessful circuit breakers were scrapped after that, having been used twice in their four days of operation.
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